Used this service to help dissolve my corporation because the government websites were so confusing and I was unclear on the process. This company was so helpful answering my questions when I called and processing evedrything in perfect timing.
Terminating a corporation's existence is sometimes a necessary evil of doing business. In order to legally dissolve a Federal corporation and receive a Certificate of Dissolution, you will need to file Articles of Dissolution. Ontario Business Central is able to file Articles of Dissolution quickly and easily on your behalf. Once completed, you can notify the Canada Revenue Agency, Financial Institutions, suppliers and clients that the corporation has terminated its existence.
No, if you haven’t filed or paid the corporate tax for the most recent year, you can complete the articles of dissolution and file the tax return subsequently.
If you have historic years that you haven’t filed the corporate tax return for or you have remaining money owing , it is best to reach out to CRA before filing.
The corporation’s shareholders will need to approve the dissolution. This is done by special resolution. If there is more than one class/group of shareholders each must provide their own authorization to allow for the dissolution. If the corporation has no shareholders, the director(s) are able to pass the resolution to dissolve on their own. You do not need to submit copies of the special resolutions when you file to dissolve your federal corporation but you must keep the records just in case.
Jessica Lim
Used this service to help dissolve my corporation because the government websites were so confusing and I was unclear on the process. This company was so helpful answering my questions when I called and processing evedrything in perfect timing.
Stephan Straw
My organization was faced dissolving our corporation and OBC made the whole process simpler and easier! They have a terrific website, easy to complete forms and loads of helpful content.
Gazelle Ghajar
Awesome company to work with. Website is easy to navigate into finding what you need, online forms are simple to fill in, and the request was processed and confirmed within the afternoon! Very impressed with their service and will be using again for my husband's business come January.
The Articles of Dissolution cost $272.40 in total. The fee is made up of $149.00 for our fee of preparing the form filing and gaining approval from you to proceed. There is a $39.99 fee for the submission filing and $25.00 government fee.
The Articles of Dissolution can no longer be completed and filed in person at a provincial government filing office. The processing time with Ontario Business Central is 3 to 7 business days. To file manually yourself, the process can take 15 business days or longer.
No, if you file with Ontario Business Central, a company key is not required for any corporation registered before October 21, 2021. We, as an intermediary with the Province of Ontario are able to by-pass this requirement. If filing directly with the Province yourself, the Company Key is required. You can request a Company Key with the Province directly and the key will be mailed to the registered head office address of the corporation. The corporate address must be up-to-date. If it is not, a Notice of Change is required first to update the address prior to requesting the Company Key.
When you have ceased operations and filed for Articles of Dissolution you can notify Revenue Canada, the institutions you bank with, tax accounts, clients and anyone else associated with your corporation to let them know that you are no longer in business. Should you reverse your decision and decide that you do not want to dissolve the corporation even after Articles of Dissolution have been filed, you can revive it.