New Filing Deadline for Federal Corporations’ Annual Returns
All British Columbia and federal corporations in Canada are required to complete annual filings with their respective corporate registry. Typically, both British Columbia and federal corporations must submit their annual filings within two months following the anniversary date of their incorporation.
In light of the challenges posed by COVID-19, federal corporations (along with federally incorporated not-for-profit organizations and cooperatives) have been granted extra time such that if the anniversary date of incorporation falls between February 1 and June 30, those entities now have until September 30, 2020 to file their annual return.
As of April 27, 2020, the provincial government has not yet granted a similar extension for filing of annual reports for British Columbia corporations.
Paul Tonita is a solicitor practicing in the areas of business law, real estate, estate planning and estate administration. His business experience includes assisting clients right from the beginning by discussing the different business structures, incorporating, buying and selling businesses, assisting with lending or financing needs, drafting and advising on contracts, and providing general advice to business owners.
His real estate practice involves assisting both residential and commercial clients with purchases, sales, financing and leasing.
Paul also helps clients plan for their future with estate and incapacity planning. He guides executors through the legal challenges that are unknown to many when they agree to take on the executor’s role. This may involve determining whether a grant of probate is required and applying for one if necessary, calling in assets, paying out debts, transferring real estate to surviving joint tenants and determining whether additional steps may be required in order to wind up an estate and transfer the balance of assets to the deceased’s beneficiaries.
For more information please contact Paul Tonita at 250-869-1126 (direct line) or email him at firstname.lastname@example.org.