Note: Cycle CPA is not a legal firm and the below does not constitute legal advice. We highly recommend using a corporate attorney for corporate annual filings, which can be done at a fixed fee. If you need help in this area, please ask us, and we would be happy to recommend a lawyer to you.
Brief overview of corporate responsibilities
At a high level, every corporation has a responsibility to do both corporate and tax filings every year:
- Cycle CPA provides services for corporate tax filings (specifically, T2 Corporate Income Tax, GST/HST, and other filings as needed)
- Corporate lawyers provide services for other legally required filings (see below)
Other legal requirements that a corporate lawyer can assist with:
- File an Annual Corporation Report within 2 months of the corporate fiscal year-end
- This can be done by going to https://www.corporateonline.gov.bc.ca/, clicking “File a BC Annual Report”, and then completing their online form
- If you have issues with their site, their help desk number is 1-800-663-6102
- Hold an Annual General Meeting OR have an agreement in writing that approves of the business taken place during the fiscal year
- Present financial statements to all shareholders within 6 months of the fiscal year end
If these reports are not kept up to date, your corporation can face issues, including its possible dissolution. Please speak to a corporate lawyer for more details about how to stay on top of these requirements
If you have questions or need assistance with corporate legal filings:
- Please ask us for a recommendation for a corporate lawyer
- Or, call BC Corporation Registry at 1 877-526-1526 to speak with a BC Registry representative to talk through your questions
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