What is a Business Cancellation in Ontario?
A business cancellation (also called a termination) officially closes your registered business in the Ontario Business Registry.
Once cancelled:
-
Your business name is no longer active
-
You’re no longer required to maintain the registration
-
Your business is removed from public records
If you’re no longer operating, cancelling your business helps prevent future complications.
Types of Business Cancellations We Handle
Who Should Cancel Their Business?
You should cancel your Ontario business if:
-
You’ve stopped operating your business
-
You’re switching to a corporation
-
You registered a new business name
-
A partnership has ended
-
You no longer need the business registration
-
If your business is inactive, leaving it open can create unnecessary risks and obligations.
Important: Before Cancelling Your Business
Cancelling your business is simple—but there are a few important steps to consider first:
-
Close or update your tax accounts (CRA)
-
Settle outstanding debts or obligations
-
Notify customers, vendors, or partners
-
Cancel permits, licenses, or business bank accounts
We’ll guide you so nothing gets missed.
How It Works
(Simple 3-Step Process)
1. Submit Your Request
Tell us about your business and confirm you want to cancel.
2. We File The Cancellation
We prepare and submit your cancellation properly through the Ontario system.
3. Receive Confirmation
Get your official cancellation documents—fast and stress-free.
Frequently Asked Questions
- 01
- 02
- 03
- 04
- 05
- 06
- 07
- 08
- 09
- 10
- 11
- 12
- 13
Everything You Need to Know to Close Your Business in Ontario!
Brought to you by Launch a Business — your sidekick for getting it done fast, smart, and stress-free.
Book an Appointment
Got questions? We’ve got answers.
Book a quick, no-pressure call to chat about your business plans and how we can help. It’s free, it’s easy, and it could be the start of something great.