How do I properly close or dissolve a corporation federally or provincially?
Compares how federal, Ontario, and Alberta corporations are legally dissolved, including approval rules, filings, fees, and CRA clearance requirements.
Topic
Dissolution
Plain-language answers on dissolution, written from primary sources.
What happens if I don't file my federal corporation's annual return?
Federally, an unfiled CBCA annual return leads to overdue status, then a default notice, then possible dissolution after two years.
What happens if I don't file my Ontario corporation's annual return?
In Ontario, an unfiled annual return can lead to Director-ordered dissolution after a 90-day notice period, with revival possible for 20 years.