Anytime your commercial transactions involve debt security, there will be issues that must be considered under the Ontario’s Personal Property Security Act (PPSA). You can help smooth the way when taking and enforcing security by consulting Richard McLaren’s The 2025 Annotated Ontario Personal Property Security Act — a complete practitioner’s guide to the Ontario regime, written by an acknowledged expert.

Highlights of the 2024-2025 edition

Updated caselaw and commentary on key provisions of the statute, including:

Regarding the meaning of “intangible” and “personal property”
The role of the Court of Appeal in reviewing summary judgment decisions as discussed in the Ontario Court of Appeal’s decision in 2275518 Ontario Inc. v. The Toronto-Dominion Bank
The application of the Homeowner Protection Act, 2024
A British Columbia Court of Appeal decision regarding parties’ rights to contract out of a provision mandating that secured parties must choose between seizing collateral or suing the debtor for remaining debt – a provision most equivalent to s. 57 of the Ontario Act
The Ontario Court of Appeal’s decision in 1819472 Ontario Corp. v. John Barrett General Contractors Limited, emphasizing that entitlement to shares in a corporation is not ownership and the process under Part V of the Act where a creditor seeks to realize on shares released to them by an insolvency trustee

Fully updated text of the Personal Property Security Act, R.S.O. 1990, c. P.10 to reflect amendments since the publication of the 2024-2025 edition, including:

significant revisions to s. 54 (Notice in land registry office), 56 (Demand for discharge, where security interest existed), 57 (Consumer goods, duty of secured party to register or provide discharge), and
new provision 74.2 (Limitations on remedies, amendments made by Homeowner Protection Act, 2024)

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The 2025 Annotated Ontario Personal Property Security Act

The 2025 Annotated Ontario Personal Property Security Act