Our Services
Business Closure & Corporate Dissolution
Canadian federal and Québec business cessation, government-account closure, and
corporate dissolution process support.
How We Can Help
We provide closure and dissolution process support for clients whose businesses are no
longer operating, plan to exit the market, or need to end a particular Canadian business
entity, and explain the publicly available government administrative processes that may
apply based on the type of entity and objective information independently confirmed and
provided by the client, including federal corporations, Québec corporations, sole
proprietorships, partnerships, and extra-provincially registered businesses.
Services may include:
• a business-closure checklist
• verification of government registry status
• organization of factual asset and liability information
• coordination of application processes with Corporations Canada or the Québec
Registraire des entreprises (REQ)
• and support with closing applicable CRA, Revenu Québec, GST/HST, QST,
Payroll/Source Deductions, and other accounts
Organization of asset and liability information is limited to preparing schedules, organizing
information provided by the client, and coordinating follow-up work. It does not include
determining how assets should be distributed, the priority of creditors, the legal validity of
debts, a liquidation strategy, or other matters requiring legal, accounting, insolvency, or
liquidation-related professional judgment.
For businesses with employees, licences, CNESST registration, bank accounts, or other
government program accounts, we can assist in:
• organizing a checklist of final filing requirements and materials already prepared by
the client or relevant professional
• account closures
• and record-retention matters
• and coordinate work between the business, accountants, tax professionals, lawyers,
and other relevant organizations
Key Deliverables
Business closure and dissolution checklist, government registry status verification records,
assets, liabilities and outstanding matters schedule, client information and government-requirement checklist, dissolution-process tracking records, Corporations Canada/REQ
government-confirmation records, dissolution or cancellation confirmation documents (where
applicable), CRA/Revenu Québec and applicable tax and payroll account closure records,
final filing checklist, corporate records retention and archiving checklist, and professional
services coordination records.
Scope & Professional Boundaries
The dissolution process for a Canadian corporation depends on the company’s jurisdiction of
incorporation, assets, liabilities, and creditor situation. Inspelis may explain the different
publicly available government closure or dissolution processes and organize information
provided by the client, but does not determine which legal dissolution, liquidation,
restructuring, insolvency, bankruptcy, or other legal procedure a client should pursue.
Where asset distributions, debts, creditors, liquidation, insolvency, bankruptcy, or disputes
are involved, the relevant professional matters should be handled by a lawyer, Licensed
Insolvency Trustee, accountant, or other appropriately qualified professional.
Where Articles of Dissolution, corporate resolutions, liquidation or dissolution documents, or
other corporate documents requiring legal judgment are involved, the specific legal content
and arrangements are determined independently by the client or with advice from, and
drafting or review by, a lawyer, Québec notary, or other appropriate professional. Inspelis
does not design a client’s legal dissolution or liquidation structure or draft or modify those
corporate legal documents.
Matters requiring declarations, approvals, signatures, or final confirmation by the client in
connection with a corporate dissolution remain the responsibility of the client or the
appropriate professional. Ordinary account closures, registry updates, or other administrative
matters that may lawfully be supported administratively can be handled within the specifically
agreed scope of services and client authorization.