Brings Back Dissolved Ontario Company

Summary#

• This private bill brings back one specific company, 1955274 Ontario Inc., that was dissolved in 2022.

• It restores the company’s legal status as if it had never been dissolved, while protecting any rights other people gained after the dissolution.

• Key points:

  • The company was voluntarily dissolved on June 23, 2022.
  • The former director says the business kept operating under the company’s name after dissolution.
  • The bill revives the company and restores its property, rights, and privileges.
  • It also restores all debts and duties the company had at the time, like contracts and taxes.
  • Any rights other people gained after the dissolution are kept.
  • The law takes effect when it receives Royal Assent (formal approval).

What it means for you#

• General public

  • No change to general laws or services. This bill affects only this one company.

• Customers and suppliers of 1955274 Ontario Inc.

  • Contracts and agreements with the company are treated as if the company was never dissolved.
  • If you gained new rights after the dissolution (for example, you bought company property in good faith), those rights are protected.

• Employees or contractors of the company

  • Unpaid wages or obligations tied to the company can still be claimed from the company, since it is legally “back.”

• Creditors and lenders

  • You can pursue debts owed by the company as if it had not been dissolved.
  • Any liens or rights you gained after the dissolution remain in place.

• The company and its director

  • The company can again own property, sign contracts, sue or be sued, and file taxes in its own name.
  • It must meet all duties it had at the time of dissolution, including any taxes, contracts, or debts.

Expenses#

• Estimated public cost: minimal administrative impact; no ongoing program spending.

• Details:

  • This is a targeted measure for one company.
  • The province may incur small administrative costs to process the revival.
  • No change to tax rates or broad public spending.

Proponents' View#

• Restores legal order by fixing a paperwork or timing problem so business can continue properly.
• Protects customers, workers, and creditors by making contracts and debts enforceable again.
• Clarifies ownership of property and responsibility for taxes and other duties.
• Preserves rights of third parties who gained rights after dissolution, reducing unfair harm.
• Common, practical step for a specific case, with no wider impact on the public.

Opponents' View#

• Uses the legislature to solve a private compliance issue, which some see as an improper use of time.
• Could reduce incentives for companies to follow dissolution rules if they expect easy revival later.
• May create legal confusion about actions taken while the company was dissolved.
• Third parties might face uncertainty or need legal advice to confirm their rights, even if protected.