Why Updating Your Ontario Corporation Address Is More Than Just Paperwork
Changing your corporation's address in Ontario looks like a routine administrative task, but it has major legal and operational implications. From alerting the Ontario Business Registry and Canada Revenue Agency to correct internal records, the process keeps your business compliant and in touch. Waiting too long can result in fines, missed notifications, or legal issues, demonstrating that a corporation address change Ontario is much more than paperwork. 1. Corporations Information Act Legal Requirement Legally, any alteration of your registered office address should be submitted within 15 days using Form 1, Initial Return/Notice of Change under the Ontario Corporations Information Act. The submission is required, and there will be penalties, loss of legal notices, or even the loss of the corporation's active status if it is not complied with. 2. Board Resolution Is Mandatory Prior to making the change of address, the change directors Ontario corporation shall app...