Retirement home licence revoked due to severe financial mismanagement and financial abuse of a resident.
The Registrar of the Retirement Homes Regulatory Authority ordered the revocation of the appellant's licence to operate a retirement home due to financial mismanagement and allegations of elder financial abuse.
The appellant appealed the order.
The Licence Appeal Tribunal found that the appellant was no longer competent to operate the home responsibly, having accumulated over $900,000 in debt and defaulted on mortgages and taxes.
Furthermore, the Tribunal found that the appellant financially abused a vulnerable resident by repeatedly soliciting interest-free loans.
The Tribunal rescinded the Registrar's immediate order but substituted its own decision directing the revocation of the licence with a delayed effective date to allow the first mortgagee to assume operations and ensure a smooth transition for the residents.
OLATOntario Licence Appeal TribunalApr 7, 2017
