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M.G.B. Ventures Files Bankruptcy for Six Tim Hortons

By Drooid · Sep 29, 2026, 10:09 PM UTC · How we work

Summary

Story summary

M.G.B. Ventures Inc. filed for bankruptcy for six Eastern Ontario Tim Hortons stores.
The company cited Ottawa’s 2024 tightening of the Temporary Foreign Worker program as a key factor.
Court documents show 41 of 156 employees were temporary foreign workers, 83 % at Alexandria.
M.G.B. Ventures owes $1.6 million to the CRA, $1 million to Scotiabank, and $600,000 to the Business Development Bank.

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Story summary

M.G.B. Ventures Inc. filed for bankruptcy for six Eastern Ontario Tim Hortons stores.
The company cited Ottawa’s 2024 tightening of the Temporary Foreign Worker program as a key factor.
Court documents show 41 of 156 employees were temporary foreign workers, 83 % at Alexandria.
M.G.B. Ventures owes $1.6 million to the CRA, $1 million to Scotiabank, and $600,000 to the Business Development Bank.