Revive Dissolved Company to Resolve Taxes

Summary#

This is a private bill to bring back (revive) a dissolved Ontario company, J.C.C. Corp. The company was dissolved on May 8, 2015 for not complying with subsection 115(2) of the Business Corporations Act. The applicant, a former director, seeks revival to handle outstanding tax matters. The bill’s goal is to restore the company so it can deal with its property, rights, and obligations.

• Revives J.C.C. Corp. as if it had never been dissolved.
• Restores all its property, rights, privileges, and corporate powers.
• Also restores all its liabilities, contracts, and debts.
• Protects any rights that other people gained after the dissolution.
• Takes effect on the day it receives Royal Assent.
• The revival is requested to address outstanding tax issues tied to the corporation.

What it means for you#

• J.C.C. Corp., its directors and shareholders

  • The corporation regains legal status and can operate, sign documents, and be part of lawsuits.
  • It can address tax filings and settle outstanding tax matters.
  • It must also meet any revived obligations, including debts or contracts from before dissolution.

• Creditors, contract partners, and others with claims involving J.C.C. Corp.

  • Claims, contracts, or debts that existed at the time of dissolution are revived and can be pursued or must be honored.
  • If you gained rights involving the company’s assets after 2015, those rights are protected by the bill.

• Tax authorities

  • Can deal directly with the corporation to resolve outstanding corporate tax matters.

• General public

  • Little to no direct impact. This bill concerns one named corporation.

Expenses#

No publicly available information.

• The bill does not include a fiscal note or cost estimate.
• Any costs would likely be administrative (record updates, processing), but no figures are provided.

Proponents' View#

• The bill appears intended to let the company resolve outstanding tax matters that require the corporation to exist.
• Revival restores the company’s legal capacity to file returns, settle debts, and complete transactions.
• It protects third-party rights acquired after the dissolution, which could limit disruptions.
• The measure is narrow and time-limited (it applies only to J.C.C. Corp. and starts on Royal Assent).

Opponents' View#

• One concern is the use of legislative time for a single private corporation, rather than handling such issues administratively; the bill does not explain why other revival routes are not used.
• Revival brings back old liabilities and contracts, which could reopen disputes or create complexity for parties involved with the corporation.
• The bill does not clearly explain the nature or scale of the “outstanding tax matters,” making it hard to assess necessity or impact.
• There may be some uncertainty for people who dealt with the company during the dissolved period, even though rights gained after dissolution are protected.