How your Ontario corporation can be cancelled involuntarily

Applies to: Ontario

Your Ontario corporation may be involuntary dissolved under the Business Corporations Act. Common reasons include:

• failure to maintain the required number of directors
• failure to maintain the required 25% of resident Canadian directors
• conviction of an offence under the Criminal Code of Canada or any federal statute, or an offence under the Provincial Offences Act, and when cancellation is in the public interest
• any threat to business affairs of the corporation, the power of its directors and affiliates

Consult the document for further details or seek legal advice.