Dissolve your Business

If your business is inactive or no longer operational, it's crucial to dissolve it. This not only releases you from potential liabilities but is also a mandatory step to close your tax accounts with the CRA.
Business Details
Max. file size: 128 MB.
Upload any one of these documents: Incorporation or Registration Documents
Details of the person requesting the dissolution
Dissolution Request By
Full Address
Max. file size: 128 MB.
Declaration
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Dissolve Your Business: What It Means and Why It Matters

Thinking about closing your company? When you’re ready to stop operations officially, you’ll need to dissolve your business through the correct legal process. Dissolution is how you formally end a corporation or registered business with the government. It protects you from future tax filings, penalties, or liabilities tied to the business.

Why Dissolving Your Business is Important

If you’ve stopped trading or no longer need the company, it’s essential to dissolve your business properly. Here’s why:

  • It closes your file with federal or provincial registries.

  • You stop being responsible for ongoing fees, filings, and taxes.

  • You reduce the risk of future legal or financial issues.

Without formal dissolution, your business may still appear active, even if you’re no longer operating.

How to Dissolve Your Business

The process depends on how your company was registered. In general, you’ll need to:

  • Pass a resolution to close the company.

  • File Articles of Dissolution with the government.

  • Settle debts and distribute remaining assets.

  • Cancel any business licenses or tax accounts.

Our team can walk you through every step, ensuring your business is properly and legally closed.

Need more information? Contact Us!!

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