08/21/2026
$11 MILLION. Personally.
Many business owners believe hiding behind a corporate structure protects them from personal financial liability. This recent Ontario Court of Appeal decision proves otherwise.
Swipe through the carousel to see how a sole director’s reckless promises during March 2020 cost him millions out of his own pocket
The bottom line:
• Recklessness = Civil Fraud
• You don't have to know a statement is false to be held liable.
• The corporate veil won't save directors who make reckless representations.
If reckless business practices or broken commercial promises have impacted your business, know your rights.
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