Closing your Business - Corporations Tax
Dissolving an Ontario Corporation
Although a corporation incorporated in Ontario may become inactive and cease all business operations, its Articles of Incorporation remain legally in force until the corporation is dissolved.
In order to close an Ontario corporation and to voluntarily dissolve, the corporation must:
- be in full compliance with all Ontario tax statutes.
- fax a written request for a consent to dissolve to the Ministry of Finance, Client Accounts and Services Branch, at 905 433-5418.
- file the Letter of Consent to Voluntarily Dissolve received from the Ministry of Finance, Articles of Dissolution in duplicate and applicable fee with the Ministry of Government Services.
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Non-Ontario Corporations Ceasing to Carry on Business in Ontario
Incorporated Federally or in Another Canadian Province
In order to discontinue operations in Ontario, a corporation incorporated federally or in a non-Ontario province must submit an Initial Return/Notice of Change by an Extra Provincial Corporation - Form 2 [PDF - 155 KB] under the Corporations Information Act with the Ministry of Government Services. This corporation is not required to file a Letter of Consent with the Ministry of Government Services. However, it must be in full compliance with all Ontario tax statutes to the date it ceased operations in Ontario.
Incorporated Outside of Canada
If a corporation with an Extra-Provincial Licence decides to cease carrying on business within the province of Ontario, the corporation must file in duplicate an Application for Termination of Extra-Provincial Licence – Form 4 [PDF - 411 KB] with the Ministry of Government Services. In addition, the corporation must submit an Initial Return/Notice of Change by an Extra Provincial Corporation - Form 2 [PDF - 155 KB], under the Corporations Information Act with the Ministry of Government Services. This corporation is not required to file a Letter of Consent with the Ministry of Government Services. However, it must be in full compliance with all Ontario tax statutes to the date it ceased operations in Ontario.
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General Enquiries
Contact the Canada Revenue Agency:
- 1 800 959-5525
- 1 800 665-0354 for teletypewriter (TTY)
Contact the Ministry of Government Services:
- 1 800 361-3223
- 1 800 268-7095 for teletypewriter (TTY)
