No judgement. Here is what usually still applies, and a simple way to close it properly, one small step at a time.
See what's left to do (free)Free · 6 questions · about 2 minutesYou can do one a day.
Ontario and federal (CBCA) corporations to start.
It is common, and it can be fixed. Closing a business can bring grief, shame and relief all at once. That is normal.
A corporation that is still registered usually still has annual filings due, even with no activity.
Payroll, GST/HST and corporate tax accounts can stay open, and returns may still be due.
Directors can be personally liable for certain unpaid CRA amounts. Personal guarantees also continue until they are released.
Bank statements, your CRA login, corporate records. Whatever you can find is enough to start.
It shows what is likely still open and the red flags to look at first, in plain language.
One step at a time, with your own accountant or lawyer where the step needs one. We can help you coordinate them.
If it is weighing on you, talk to someone you trust. If your debts are bigger than your assets, a licensed insolvency trustee offers a consultation.
Start with what you have. Your accountant, bank and CRA account can fill many gaps.
The free check costs nothing. Kits start at $199, and you can get guided help only where you need it.
No. We provide information and prepared documents for professional review. Your accountant and lawyer handle the licensed work.
The check flags it. Talk to your accountant, and to a licensed insolvency trustee if debts exceed what you have.
Take the free check and get an ordered list of what is left to do.
See what's left to do (free)Free · 6 questions · about 2 minutesFree. No card needed. Takes a few minutes. Your answers stay confidential.