On September 24, 2024 BDO Canada Limited, on application made by Royal Bank of Canada in its capacity as Financial Services Agent, was appointed as receiver and manager to act as Replacement Servicer of the Repossessed Assets which are in the possession of the Pride Entities. The Repossessed Assets form part of RBC's Securitization portfolio.
Subsequently, on March 17, 2025 BDO was appointed as Receiver and Manager over RBC’s Securitization Portfolio.
Court Orders
Receivership Order dated September 24, 2024
Amended and Restated Receivership Order dated March 17, 2025
Lien and PPSA Claims Discharge Order dated March 17, 2025
Ancillary Relief Order - dated January 13, 2026
Receiver's Collection Plan Order dated January 13, 2026
Court Documents
Endorsement dated September 30 2024
Motion Record - dated March 10, 2025
Motion Record - dated January 6, 2026
Joint Factum - BDO Canada Limited and Alvarez & Marsal Canada Inc. - dated January 8, 2026
Factum - dated January 10, 2026
Motion Record - dated January 6, 2026
Joint Factum - BDO Canada Limited and Alvarez & Marsal Canada Inc. - dated January 8, 2026
Factum - dated January 10, 2026
Court Reports
First Report - Receiver -dated March 10, 2025
Second Report - Receiver - dated January 6, 2026
Receiver’s Collection Plan
TO: LESSEES OF TPINE LEASING CAPITAL CORPORATION (“TLCC”)
The Ontario Superior Court of Justice (Commercial List) made Orders dated January 13, 2026 (the “Collection Plan Orders”), establishing the Collection Plans for the quantification and resolution of claims by either BDO Canada Limited, in its capacity as court-appointed receiver and manager of TPine Canada Securitization LP (the “Receiver”) or Alvarez & Marsal Canada Inc., in its capacity as court-appointed manager of certain property of TPine Leasing Capital Corporation (the “Manager”), for outstanding amounts owing by certain lessees, co-lessees, guarantors, and other obligors under a lease agreement, guarantee, or similar documentation (a “Lease”) with TPine Leasing Capital Corporation (“TLCC”).
If your lease payments are more than sixty days past due under a Lease with TLCC, you may be affected by this Collection Plan. Please read this Notice carefully as it may affect your legal rights.
You can determine if this Notice and the Collection Plan affect you by checking to see if your Lease(s) or VIN(s) appear on the list of Lease(s) and VIN(s) maintained by the Receiver and the Manager on their respective website links (the “Defaulted Lease List”). If you have any questions, you are encouraged to contact the Receiver and/or the Manager at the contact information below.
The Receiver and the Manager will update the Lease List from time to time. It is your responsibility to monitor the Lease List to see if your Lease(s) or VIN(s) have been added to the Lease List.
- Receiver's Collections Plan Order dated January 13, 2026
- Defaulted Lease List - dated February 26, 2026
- Publication Notice - Punjabi Version
- Publication Notice - English Version
- Instruction Letter - Punjabi Version
- Instruction Letter - English Version
- Blank Notice of Dispute Form
Contact Us
BDO Canada Limited
20 Wellington Street East, Suite 500
Toronto, Ontario, Canada M5E 1C5
Gary Cerrato
Tel: 416-369-6058