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The document provides instructions for completing Form 1, which is required for Ontario corporations to file an Initial Return or Notice of Change under the Corporations Information Act. It outlines the filing deadlines, necessary information to be included, and penalties for non-compliance. The form must be submitted within specific timeframes depending on the corporation's status and changes in information, and it emphasizes the importance of legibility and completeness in submissions.

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How do I add a director to my corporation in Ontario?

To add a new director, the corporation must provide the individuals legal name and address and confirm whether the person is a Canadian Citizen or Permanent Resident. This process is completed electronically with the Province of Ontario and can be done on a same-day basis.

What happens if you dont pay your annual report?

Also, if you do not file the Annual Report in a timely manner, the Secretary of State can administratively dissolve your company. If your company is administratively dissolved, your company is no longer in good standing with the State, though it may still be sued.

What is a Form 22 annual return in Ontario?

What is a Form 22? The general purpose of Form 22 is to provide updated information about the corporations status, directors, and shareholders to the relevant regulatory authorities on an annual basis.

What happens if you dont file the ontario annual return?

Ontario Annual Return Failure to file the Annual Return could result in penalties or an Involuntary Dissolution of the company (non-compliance). An Annual Return for an Ontario Corporation is additional to Filing a Corporate Tax Return with the Canada Revenue Agency.

What is a Form 2 in Ontario for a corporation?

When you have an existing corporation outside of the Province of Ontario and you are setting up a physical business location within Ontario, you are required to file the Form 2 within 60 days of bringing your corporation into Ontario. This is called the Initial Notice (Form 2).

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Who needs to file an ontario annual return?

Annual return Business corporations. Every business corporation has to file its annual return with Corporations Canada every year. Filing an annual return avoids the potential dissolution of the corporation. A corporation key is mandatory to file an annual return and individuals with significant control information.

How to file initial return for Ontario corporation?

You can file an Initial Return or Notice of Change online if you received a company key giving you authority over the corporation (see Notice Company Key): 1. Directly with the Ministry of Government and Consumer Services (Ministry) through ServiceOntario at our website .ontario.ca/businessregistry.

What is form 22 in Canada?

An Annual Return (Form 22) and the required fee must be submitted by corporations. The deadline for filing the Annual Return is 60 days after the corporations anniversary date. This date is either when the corporation was established or when it became subject to the CBCA.

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How do I add a director to my corporation in Ontario?

What happens if you dont pay your annual report?

What is a Form 22 annual return in Ontario?

What happens if you dont file the ontario annual return?

What is a Form 2 in Ontario for a corporation?

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Who needs to file an ontario annual return?

How to file initial return for Ontario corporation?

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