How to: Close a Canadian-Controlled Private Corporation (CCPC) | Part 5 - Legal Dissolution
Are you planning to dissolve your Canadian-Controlled Private Corporation (CCPC)? In this video, we provide a detailed guide on the legal process, including preparing and filing **Articles of Dissolution**, notifying stakeholders, and canceling business licenses and permits.
🔍 What You’ll Learn in This Video:
1️⃣ What Are Articles of Dissolution?
- Understand their purpose and the information required (e.g., corporation name, incorporation number, date of dissolution).
- Learn where to access templates like **Form 17** under the Canada Business Corporations Act (CBCA).
2️⃣ How to Notify Employees, Customers, and Suppliers:
- What to include in your notifications (e.g., dissolution date, contact info).
- The best methods for delivering these notices.
3️⃣ Canceling Business Licenses and Permits:
- Key licenses to cancel, from municipal business permits to industry-specific licenses.
- Step-by-step instructions for contacting issuing authorities and keeping records.
📝 Helpful Resources:
- Ontario Articles of Dissolution Form: https://forms.mgcs.gov.on.ca/dataset/5268
- Visit Corporations Canada for federal dissolution templates and instructions: https://ised-isde.canada.ca/site/corporations-canada/en/federal-corporation-forms-and-instructions
🎯 Whether you’re closing your CCPC due to retirement, restructuring, or any other reason, this video will guide you through the process to ensure compliance with federal and provincial regulations.
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Disclaimer:
The information provided in this video is for general educational purposes only and is not intended to be legal, tax, or professional advice. Closing a Canadian Controlled Private Corporation (CCPC) involves legal and financial considerations unique to each business, and you should consult with a qualified legal, tax, or financial advisor for specific advice tailored to your situation. Relying solely on this information may not address all relevant factors or requirements for your particular circumstances.
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