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hello everyone thanks for joining us here at ontario business central my name is john and today im here to answer one of your most pressing questions how to cancel a business in ontario regardless of your reasons for canceling you should cancel your business license if you no longer operate your business you can cancel a sole proprietorship general partnership or trade name with the province for businesses operating in ontario all cancellations must be filed with the provincial government in order to formally cease existence your business remains active until its expiry date or until it is cancelled with the province in ontario a business name registration is valid for five years until your business is legally cancelled there is an expectation of continued revenues and taxes as well as fulfillment of other liabilities another reason for canceling your business is to control the publicly available information about your business information about registered businesses is available on
