Annual Return for Corporations: Who Qualifies and What You Get
Learn how to maintain your company's legal status through the mandatory annual filing process for federally incorporated businesses.
This is a mandatory yearly filing that all federally incorporated companies must complete to keep their legal existence on record with the government.
Who it's for
This requirement applies to all companies that have been incorporated at the federal level in Canada. If your business is registered as a federally incorporated entity, you are required to participate in this process.
What you get
By completing this filing, you ensure that your company maintains its legal status. This process keeps your business information current and officially recognized, which is necessary for the company to continue operating as a legal entity.
What it costs you
The cost for this filing is $12 CAD when processed online. You must also dedicate time each year to complete this requirement to ensure your company remains in good standing with the issuing body.
The catch to know
The most important thing to remember is that this is not an optional task. Failing to complete this filing can lead to the dissolution of your company. This means the government may officially close your corporation, which can have serious consequences for your business operations.
How to apply
- Visit the official portal provided by Corporations Canada.
- Locate the section specifically for the annual return.
- Follow the prompts to provide the required information for your corporation.
- Complete the online payment of the required fee.
https://ised-isde.canada.ca/site/corporations-canada/en/annual-return