Change to Corporations Canada's Dissolution Program - Canada Business Corporations Act (CBCA)
May 5, 2005
Please be advised that as of June 1, 2005, Corporations Canada's dissolution program will be changed to target corporations that have failed to file their annual returns for the past two (2) consecutive years instead of the past three (3) consecutive years. CBCA corporations are required to file an annual return under Section 263 of the CBCA. Under Section 212, the Director has the authority to dissolve a corporation by issuing a certificate of dissolution if the corporation is in default for a period of one year in sending to the Director any fee, notice or document required by the Act.
As a result of this change, applications to revive dissolved corporations must now include the last two annual returns (instead of the last three annual returns) along with Articles of Revival. Furthermore, in order for a compliance certificate to be issued, the last two annual returns must be filed.
If you have any questions, please do not hesitate to contact us at the following address:
Corporations Canada
Jean Edmonds Tower South
9th Floor
365 Laurier Ave. West
Ottawa, ON K1A 0C8
General Information: 613-941-9042
Toll-Free: 1-866-333-5556
Email: Corporations Canada
Richard G. Shaw
Director General
3 comments:
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