An Annual Return is a mandatory filing requirement that ensures the corporation's information is up-to-date on the corporate public record. Every corporation must file an annual return each year.
Failure to file an Annual Return within 60 days of the corporation's anniversary may result in the automatic dissolution of the corporation.
Before you get started
Before the Annual Return is filed with the government, there are legally required corporate resolutions that must be prepared. These resolutions acknowledge the corporation's financial statements, confirm the corporation's officers and directors, and approve other corporate acts taken throughout the year. Ownr prepares these documents for you during the Annual Return process.
Note: Annual Returns filed with your government registry are different from your T2 Tax Return filings with the CRA. You can read more about the
differences here: Tax Returns vs Annual Returns: What's the difference?
File your Annual Return on Ownr
1. On the sidebar, click on Organization > Annual Returns
On the Annual Returns tab you can find Annual Returns that were previously filed along with Annual Returns that are upcoming.
2. Click File Annual Return beside the relevant year
3. The File Annual Return window will appear. Answer the questions about your business using the drop downs. Click Next when you have answered all questions.
Most small businesses will not have held an annual shareholders meeting or appointed an auditor. In that case, indicate that your business 'has not' held a meeting or appointed an auditor, then Ownr will prepare all annual shareholder and director resolutions for your business automatically.
4. Review and sign the Annual Return form and accompanying Shareholder and Director Resolutions.
Ownr makes Annual Returns easy
Save yourself the headaches and let Ownr do all the hard legal work, including filing your annual returns. Register or incorporate your business today!