In order to end the existence of a corporation in Ontario, it needs to be dissolved. Dissolution occurs when a corporation is terminated legally. To achieve dissolution, a Certificate of Dissolution needs to be issued by Corporations Canada.
Consent to Dissolve
Before you can dissolve your corporation ensure that it is up to date with its corporate tax filings. Your representative, in this case the company’s accountant or bookkeeper, will need to contact the Minister of Revenue to find out where you stand on all corporate tax filings. The Minister will inform your representative if everything is current. Then, you are free to request a consent letter that states that your company has been given the go-ahead to dissolve.