Whether you are moving on to another business, employment or retiring, completing the Articles of Dissolution puts an end date to the corporate business operation. Ontario Business Central holds intermediary status with the Province of Ontario and 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.
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, the Company Key is not required. 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.
No, you are no longer required to obtain the Consent to Dissolve prior to submitting the Articles of Dissolution. Historically, the company or a representative of the company such as an accountant or bookkeeper would need to contact the Minister of Finance to determine what tax filings were required to obtain the Consent Letter to Dissolve. This could be a slow moving process with tax filings and updates taking an extended amount of time.
As of October of 2021, the Province internally requests and approves the Consent Letter To Dissolve as part of the processing to complete the Articles of Dissolution upon your filing. This has made a huge difference to the ability and speed of the completion of Articles of Dissolution.
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 or have remaining money owing to , It is best to reach out to CRA before filing. It is much simpler to file the Articles of Dissolution than ever before in Ontario.
We are here to assist you and to make the process simple. If you have any questions or are not sure what type of business you operate, please feel free to take a quick moment and either call 1-888-760-8358 or send us a quick message to . Alternatively if you don’t see what you would like to do, just reach out to us and we can look at obtaining a quote for a service not listed on the website.