A voluntarily dissolution of a corporation can happen:

1. Before starting operations
2. When there is no property
3. When property and liabilities have been disposed of
4. After proposing liquidation and dissolution of the corporation by the directors or shareholders

The steps to dissolve a Federal or Provincial incorporation are fairly similar. Notably, they include:

• Voluntary intent to liquidate and dissolve a corporation
• Declaration of dissolution of a corporation
• Filing of a resolution of the shareholders or the board of directors, with attestation
• Letter of Consent from the Ministry of Revenue (for Ontario Corporations)
• Notice of liquidation and closure of liquidation (for Quebec Partnerships)

If the corporation has distributed its property and has no liabilities, the shareholders can approve the dissolution by a special resolution.

If the corporation does not have shareholders, the directors can approve the dissolution by resolution.

Once we have all the required documents and information, dissolving a corporation in Quebec and Canada can take anywhere between 24h-48h to appear at the Corporate registry.

Once a Business Corporation is dissolved, it becomes inactive.

However, it is possible to revive an inactive corporation once certain obligations are complete, namely:

• Filing of a revival application
• Filing of annual returns
• Updating obligations of the corporation
• Payment of revival and registration fees
• Request return of property from the crown

We more information on business revival, visit our revive a business corporation page.