So you’re probably wondering: what is an annual return?

Unfortunately it’s not your yearly vacation returning to the beach. It’s much more boring than that, however mandatory as part of your corporation’s existence.

Every year you must file this to ensure your business information is up-to-date and accurate through Corporations Canada public record. You have 60 days after the anniversary date of your corporation to file it and if you do not, then your business may result in automatic dissolution. Also known as, the government automatically shutting down your corporation’s existence because you did not keep them updated on basic information.

Prior to filing, there are corporate resolutions, also known as legal documents, that must be prepared to validate your company’s financial statements, confirm officers & directors and auditors (if applicable), and any other actions your company decided on during the year.

Blinc makes filing annual returns easy in 3 easy clicks:

1. Log into your Blinc dashboard
2. Click “File” beside the outstanding Annual Return
3. Answer the required questions and Click “Submit”

FAQ: Must I hold an annual meeting? Most small companies, especially with one shareholder, will not hold an annual shareholders meeting or appoint an auditor. Nothing to worry about, check “No” for applicable questions and it will be reflected on your corporate resolutions.

Just like that, you’re done! The compliance task will go into a “In Progress” status and once reviewed and filed by the Blinc Team, we will change it to “Completed”.

All corporate resolutions will be sent over to you for signing and automatically uploaded to your company’s minute book.

Experience hassle-free compliance with our innovative compliance-in-a-click solution, register with Blinc today!