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When your business temporarily suspends or resumes operations, it is important that you update your business account information with the CRA by calling 1-800-959-5525. We can serve you better if we have your accurate and up-to-date account information. If your business permanently stops operating, see the topic "Closing CRA program accounts ...
Oct 24, 2022 · Watch this video where our resident tax expert, Emily, shares five steps in settling your tax obligations when closing your business. Whether shuttering your small business is a relief, a joy, or a necessity, taking the time to do it right will provide the closure you need to reflect on the experience, move on with confidence, and never look back.
Dec 4, 2019 · Closing your business If you are planning to close your business – or if your business is forced to shut down due to external factors, there are a few things you should consider, such as notifying the CRA, filing a final tax return, paying any outstanding tax amounts, and financing your succession planning. Legal and financial obligations
Determining your business' value, selling it to someone else and preparing it for transition. Sell your business The steps to follow when selling your business.
When you want to permanently dissolve your corporation, you should send an application for dissolution to the government body that governs the affairs of your corporation. Once the corporation has been dissolved, you should consult Form RC145, Request to Close Business Number Program Accounts , to determine whether you need to complete that form and send us a copy of the articles of dissolution .
Closing a corporation requires more than just informing customers and clients. Our helpful guides will help you identify the process for dissolution based on your corporation's type and situation. Guides on dissolving your corporation
If you do this you could end up haunted by unnecessary headaches, lawsuits, and debts for years. Although your shut-down period may be short, you should still try to give your creditors and customers clear notice of your business's closure. Here's what you need to do. Many of the items below link to another article for more information on the ...
