Dissolve a Corporation in Ontario or Federally
File Articles of Dissolution to formally wind up your corporation. Required when the corporation has ceased operations or never commenced business. Korporex prepares and files the dissolution on your behalf; you confirm that debts have been settled and assets distributed.
$199 CAD + applicable tax + government filing fees (pass-through). Filed within 3 business days.
Your Corporation
Tell us which corporation you're dissolving.
Dissolve your corporation online
Korporex prepares and files Articles of Dissolution for Ontario (OBCA) and federal (CBCA) corporations. You answer a few questions about the corporation, its debts and its assets, and we prepare the filing, submit it to the right registry and send you the confirmation once the corporation is dissolved. If you want to understand every step first, read our guide on how to dissolve a corporation in Ontario.
Who this service is for
- Corporations that never started carrying on business and have no assets or debts.
- Corporations that have stopped operating, paid their debts and distributed what was left to the shareholders.
- Owners who want to stop the annual return and tax filing obligations of a corporation they no longer use.
What we file and what you confirm
We prepare the Articles of Dissolution and file them with the Ontario Business Registry or Corporations Canada, depending on where the corporation was incorporated. You confirm that the shareholders have approved the dissolution (normally by special resolution), that the corporation's debts are paid or provided for, and that its remaining property has been distributed. The corporation's final tax returns and the closing of its CRA program accounts are handled with your accountant.
Before you file
- Settle the CRA side first: final corporate tax return, and closing the GST/HST and payroll accounts if the corporation had them.
- Distribute or sell any property still held by the corporation. Property left in a dissolved corporation can be forfeited to the Crown.
- Keep the minute book and financial records after dissolution. The CRA can still review the final years.
On revival: a dissolved federal corporation can be revived under the CBCA, but under the OBCA an Ontario corporation that was dissolved voluntarily is not eligible for revival by filing. In Ontario, Articles of Revival are for corporations the registry dissolved for default, such as unfiled annual returns.
Dissolving a corporation: common questions
Is it enough to just stop using the corporation?+
No. An inactive corporation still exists, so its annual return and tax filing obligations keep running. If they are missed, the registry can eventually dissolve it for default, but that leaves loose ends. A voluntary dissolution closes the corporation on your terms.
Do I need to file final tax returns before dissolving?+
Yes, that is the safer order. File the final corporate tax return and close the GST/HST and payroll accounts before the dissolution, because once the corporation no longer exists it cannot file or be reassessed cleanly. Your accountant should confirm the CRA side is closed.
What happens to property left in the corporation?+
Property a corporation still owns when it is dissolved can be forfeited to the Crown. Before filing, distribute the remaining assets to the shareholders or sell them, and pay or provide for the corporation's debts.
Can a dissolved corporation be brought back?+
It depends. A federal corporation can be revived under the CBCA. In Ontario, Articles of Revival are available to corporations the registry dissolved for default, such as missed annual returns, but a voluntary dissolution generally cannot be undone that way.
Korporex is not a law firm and does not provide legal advice. This page is general information about the dissolution filing; for advice on your specific situation, consult a lawyer or accountant.
Learn before you file
Related guides
Compliance & Maintenance
How to Dissolve a Corporation in Ontario
Closing an Ontario corporation properly means winding it up, settling taxes, and filing Articles of Dissolution. Here are the steps and the order to do them in.
Compliance & Maintenance
Corporate Annual Returns in Canada: A Complete Guide
Every Canadian corporation must file an annual return. Deadlines, fees, and consequences of missing a filing differ by jurisdiction. Here's everything you need to know.
Compliance & Maintenance
What Is a Minute Book, and Why Does Your Corporation Need One?
Canadian corporations are legally required to maintain a corporate minute book. We explain what goes in it, who is responsible for keeping it, and what happens if you don't have one.