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Dissolving Your Corporation

Tips for dissolving your corporation

Jaya avatar
Written by Jaya
Updated over a week ago

If for whatever reason you are dissolving your corporation, there are some important steps you will need to take with the government. For Federal companies, you will need to apply for dissolution through the Federal government. For Provincial companies, you should follow the dissolution process set out by your Provincial government.

Dissolving a corporation means that you are no longer operating the corporation and want to legally terminate its existence.

We don't handle the dissolution process on Ownr, but can provide some relevant information that will help below:

Federal Corporations

Federal corporations can visit this government page for instructions from the government of Canada.

Provincial Corporations

For Provincial corporations you will need to contact your provincial registry directly. You can find a list of government registries below:

  • Ontario: Contact Service Ontario here.

  • British Columbia: Contact the BC Registry here.

  • Alberta: Contact the Alberta Business Registry here.

Filing the mandatory Annual Legal Return

If your corporation's legal status is "active" (that is not dissolved, discontinued or amalgamated with another corporation), you are still required to file an Annual Return, even if your company is not currently operating.

An Annual Return is required by the Federal and Provincial government to keep your company legally compliant. You must file this annually, otherwise the government may dissolve your corporation and you risk being non-compliant.

Your annual legal return can be filed from the day after your company anniversary, and depending on your province, becomes overdue after 60 days. This is completely separate from your tax returns filed to the CRA.

If you're not dissolving, please watch the video below on how to file the Annual Legal Return.

If you have formally dissolved your corporation and are cancelling your Ownr Subscription, you can cancel your Ownr subscriptions through your Dashboard - Settings - Subscription - Edit.

Before you cancel, please confirm that you have downloaded all of your documents from your Ownr account.

If you have any other questions, please don't hesitate to contact our support team through the live chat feature on our website!

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