Back to Bills

Revive Dissolved Company to Settle Taxes

Full Title:
Bill PR43, R&J Drago Consultants Inc. Act, 2026

Summary#

This private bill brings back a closed company, R&J Drago Consultants Inc., which was dissolved (closed) in 1996. The stated goal is to revive the company so it can deal with unfinished tax matters.

  • Revives the company as if it had never been dissolved.
  • Restores all its property, rights, and privileges, and also its duties, contracts, and debts.
  • Protects any rights that other people gained after the company was dissolved.
  • Takes effect once it receives Royal Assent (formal approval).

What it means for you#

  • Workers and customers:
    • No direct impact. The company has been inactive since 1996.
  • Former owners or managers of the company:
    • Can act on behalf of the company again to handle tax filings, pay taxes owed, or receive any refunds due.
    • Can sign documents, settle accounts, or deal with any remaining property or claims.
  • Creditors and tax authorities:
    • Can work with the company to resolve any unpaid amounts or disputes.
  • General public:
    • No change to taxes, services, or general business rules.

Expenses#

No publicly available information.

Proponents' View#

  • Allows the company to properly resolve outstanding tax matters.
  • Restores the legal status needed to sign papers, appear before tax authorities, and settle accounts.
  • Limited in scope and does not change broader policy or rules.
  • Protects other people’s rights gained since the company was dissolved.

Opponents' View#

  • Uses legislative time for a single private matter.
  • Reviving a company after many years could create confusion over old debts or contracts, even if others’ rights are protected.
  • May encourage more very late revival requests rather than using standard administrative processes.
  • Limited public detail on the specific tax issues reduces transparency.