On October 19, 2021, the Government of Ontario launched the Ontario Business Registry. This new online platform offers simpler, faster, and more convenient access for organizations that are registered, incorporated, or licensed to carry on business in Ontario. This new online registry is available 24 hours a day, 365 days a year, and makes it easy to interact with the government.
The new Ontario Business Registry allows businesses and not-for-profit corporations to complete over 90 transactions online, including registering, incorporating, dissolving an existing corporation, and updating their information.
Ontario corporations are required to file an Annual Return, which is due within six months after their fiscal year-end. Prior to May 15, 2021, the Annual Return was filed with Canada Revenue Agency (CRA) and was included with the filing of the corporation’s T2 Corporation Income Tax Return.
As of May 15, 2021, CRA discontinued accepting these returns on behalf of Ontario. The Ontario Annual Return must now be filed in the new Ontario Business Registry.
Annual Returns that were due from May 15, 2021, to October 18, 2021, are exempt from filing. For example, an Ontario corporation with a December 31, 2020 year-end would have a 2020 Annual Return deadline of June 30, 2021, which falls within the exempt period, and therefore is exempt from filing for their 2020 year-end. An Ontario corporation with a June 30, 2021 year-end would have an Annual Return deadline of December 31, 2021, and therefore would not be exempt from filing.
To access the Ontario Business Registry, you must obtain a company key. File your Annual Return as soon as possible if it is overdue or nearing the filing deadline. Please note: if you require assistance, your company key can be shared with your accountant or lawyer.
Diana joined DJB in March 2018 as a Tax Manager. Diana provides corporate and personal tax planning and compliance services to owner-managed businesses of all sizes. Her experience includes corporate reorganizations, estate freezes, succession planning, business sale planning, and taxation of deceased individuals. More About Diana >
(authored by RSM CANADA) Home office(s) in Canada may constitute a permanent establishment of the non-resident corporation in Canada if the employer requires the employees to work from home. Read More >
With a history of service in the Niagara, Hamilton, Halton region since 1940, DJB has been helping clients gain the edge they need to remain competitive in the ever-evolving world of business. Today, with multiple offices covering Burlington to Fort Erie, we advise entrepreneurs, business owners, and organizations in many areas including agribusiness, construction, general contracting, manufacturing.