▲ 6 r/cantax
Sole director of an inactive BC corporation that i registered in 2020. Just got the Notice of Commencement of Dissolution email from BC Registry because provincial annual reports lapsed (missed 2023, 2024, 2025).
Situation:
- Company has been completely inactive
- Zero assets, zero liabilities, no employees, no bank account or balance
- All T2 nil returns are filed and confirmed with CRA (caught up on all 5 years this last week)
- No GST/payroll obligations
- I was going to catchup, and probably close the incorp, or decide over the next few months .. but was leaning towards closing regardless
My two options as I understand them:
- File the missing annual reports (~$126 total) to keep it alive, then file voluntary dissolution (~$20). Cleaner paper trail?
- Do nothing — let BC Registry dissolve it involuntarily in ~30 days. Free?
What I'm trying to figure out:
- Any director-level downside to letting it dissolve involuntarily vs. voluntarily? Since there are no assets to escheat and no liabilities, I can't see one — but want to make sure I'm not missing something.
- Does an involuntary dissolution show up on me personally anywhere (credit, future incorporations, CRA flags, etc.)?
- Anyone been through this with a clean inactive company, any gotchas?
Leaning toward just letting it dissolve since the company is clean. If I had known this email was going to show up, i prob would've not spent 3 days doing the nil t2s for 5 years.. anyways, sanity check appreciated
u/allbombs — 8 days ago