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Find a Licensed Insolvency Trustee
Last Update: March 4, 2026
Canada
Advice and options for dealing with unmanageable debt
Other Support
Expert Advice
Overview
Connect with a federally licensed professional who can help you restructure your business, file a proposal, or file for bankruptcy.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- No Condition
Timeline
- Open Date : July 1, 2024
- Closing date : December 31, 2024
Eligible candidates
Eligible Industries
- Finance and insurance
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Activities funded
Examples of admissible projects:
$ 95,000
Support restructuring of a for-profit company with non-resident office expenditures
$ 85,000
Restructure a non-profit organization by optimizing head office and office expenses
$ 104,000
Restructure general partnership by covering head office and business office expenses
$ 120,000
Restructuring financial cooperative with new resident office and head office costs
$ 90,000
Facilitate restructuring of a social economy enterprise by covering head office and resident expenses
$ 72,000
Support for sole proprietorship undergoing restructuring, including office and head office expenses
Eligibility
**Eligibility Criteria for this grant:**
- Applicants must be Canadian citizens or permanent residents.
- Businesses must be registered and operating in Canada.
- Applicants must meet the specified financial thresholds.
Who is eligible?
Eligible applicants for this grant are active Licensed Insolvency Trustees (LITs) in Canada who provide advice and services to individuals and businesses facing debt challenges. These professionals are federally regulated and must be actively practicing, which includes being able to file professional engagements either individually or through a corporate trustee affiliation.Who is not eligible
This grant provides information about Licensed Insolvency Trustees and does not give specific details about ineligible companies or industries. Without specific restrictions listed, we cannot determine who cannot apply for this grant.
Eligible expenses
Eligible expenses for this grant may include:
- Business office expenses
- Resident office costs
- Non-resident office expenses by appointment
- Head office expenditures
Selection criteria
The evaluation and selection criteria for this grant include financial need, project feasibility, and adherence to program guidelines. Applicants will be assessed based on their ability to demonstrate these criteria effectively.
- Financial need
- Project feasibility
- Adherence to program guidelines
How to apply
1
Determine your eligibility for the grant by reviewing the specific criteria and requirements outlined by the grant provider.
2
Prepare all necessary documentation and information required for the application process.
3
Complete the grant application form accurately and thoroughly.
4
Submit the application within the specified deadline, ensuring all details are correct and all supporting documents are included.
5
Await notification from the grant provider regarding the status of your application.
Additional information
Here are additional relevant details for Licensed Insolvency Trustees:
- Licensed Insolvency Trustees are federally regulated professionals that can provide advice and services to manage debt problems effectively.
- An LIT may either file professional engagements under their personal name or represent a corporate trustee.
- There are different office types where LITs can operate, such as business offices, resident offices, non-resident offices, and head offices.
- The operational status of LITs can vary, with some being actively practicing, semi-active, or inactive, affecting their engagement capabilities.
- LITs can register BIA Insolvency Counsellors, who are then accountable to the LIT for specific insolvency cases.
- It provides a comprehensive directory to find Licensed Insolvency Trustees by name or location.
- LITs fulfill their duties under specific regulatory frameworks and directives to serve both corporate and consumer insolvency needs.
Contacts
416-645-6500
