Annual Return

Annual Return is a mandatory filing requirement by all corporations (incorporated, amalgamated or continued) with the government each year to provide updated information on the corporation's directors, registered office address, and shareholders. Annual Return is a mandatory filing regardless of any change or not. because it ensures that the government has accurate and up-to-date information about the corporation, which helps to maintain transparency and accountability. The corporation's status may be revoked or Canceled if the annual return is not submitted on time, among other penalties or legal repercussions. Also, completing the annual report helps keep the company in good standing with the government and can give shareholders and potential investors access to crucial information.