DISSOLVE AN ONTARIO CORPORATION
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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.
Helpful Links
What is required to Dissolve an Ontario Corporation?How much does it cost to Dissolve?What is the Processing Time?
Is a Company Key required?Do I need to obtain the Consent to Dissolve prior to applying for the Articles of Dissolution? Do I need to apply for the Consent to Dissolve prior to filing Articles of Dissolution?
Is a Company Key required?Do I need to obtain the Consent to Dissolve prior to applying for the Articles of Dissolution? Do I need to apply for the Consent to Dissolve prior to filing Articles of Dissolution?
What is required to Dissolve an Ontario Corporation?
- The name of the Ontario Corporation
- The Ontario Corporate Number (look up available)
- Date of Incorporation
- Select whether the corporation HAS OR HAS NOT commenced business
- Select if the corporation has no property or has distributed property
- If distributed property provides 1. No debits 2. Provided for debts 3 obtained consent
- Current director name, address, officer position
- Name of Individual or Agent Authorizing the Dissolution
- Company Key (optional)
How much does it cost to file Articles of Dissolution?
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.
What is the processing time?
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.
Is a Company Key required?
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.
Do I need to apply for the Consent to Dissolve prior to filing Articles of Dissolution?
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.
Do my corporate taxes need to be filed before dissolving?
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.
Ontario Business Central provides the following:
- Preparation of the Articles of Dissolution according to your instructions
- Articles provided to you in ‘draft’ for your review and acceptance prior to submission with the Ontario government
- Electronic filing of the Articles of Amendment with the Province of Ontario
- Email communication with clients throughout the process
- Completed Articles of Dissolution emailed to clients
Related Services:
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.
Other services offered by Ontario Business Central include Ontario incorporation, Canada Incorporation, Not for Profit Incorporation and much more.