Canadian M&A, Group Consolidation, Share Transfers, and CRA Tax Clearance
M&A support, group consolidation, voluntary dissolution, share transfers, and CRA tax clearance certificates. For foreign-owned Canadian entities and cross-border group reorganisations.
What Restructuring includes in Canada
What you receive
How it works
Helpful resources
Where to register and how we differ
Restructuring in Canada — frequently asked questions
A federal CBCA corporation is dissolved voluntarily — by filing Articles of Dissolution with Corporations Canada. First the company ceases business, settles creditor debts, distributes the remaining assets to shareholders, and obtains a tax clearance certificate from the CRA. Provincial corporations follow the same order, but with the provincial registrar. A clean dissolution runs 1–3 months.
A tax clearance certificate (Form TX19 / GST352) confirms a corporation has no outstanding federal tax liabilities. It’s required before assets are distributed to shareholders on wind-up, amalgamation, or assignment: without it, directors are personally liable for tax owing on the distributed assets. The CRA usually issues it within 4–8 weeks — provided returns are filed and balances paid. The certificate application, as part of the dissolution service, we prepare.
A voluntary dissolution of a clean CBCA corporation takes 3–6 months: CRA tax clearance 4–8 weeks, plus final returns, closing corporate bank accounts, and filing Articles of Dissolution with Corporations Canada. Unfiled returns, CRA disputes, employee claims, or live contracts — and the process stretches to 12–24 months. The whole sequence, we run — cutting the directors’ liability exposure.
A voluntary dissolution (strike-off) is an administrative procedure for a solvent company: no court, no insolvency practitioner. A formal liquidation (winding-up) under the Winding-up and Restructuring Act is court-supervised and applies to insolvent corporations or financial institutions. For solvent foreign-owned companies with a clean balance sheet, the standard route is voluntary dissolution. Solvency and risk, we assess before picking the route.
Yes. Your options: amalgamation (merging corporations under CBCA s.181), continuance (moving jurisdiction — within Canada or to a foreign one), and arrangement (court-approved restructuring under CBCA s.192 for complex recapitalizations and share exchanges). Cross-border Canada/US deals often run through a ULC in BC or Alberta — for withholding tax and repatriation. The options, we work through before the exit event.