What is corporate compliance or maintenance?

What is corporate compliance or maintenance?


Once a corporation is formed it has legal obligations to stay compliant with corporate laws and remain in good standing. These obligations are generally triggered when changes occur.

These requirements are referred to “Corporate compliance” or “maintenance” and include:

Government Filings Compliance - the filing of relevant government forms and reports in a timely fashion keeping the corporation’s information up-to-date on the government registry.

Company Document Compliance - the preparation of certain documents relating to business and legal decisions such as changes to ownership, major decisions and annual general meetings decisions.

Good corporate compliance results from the prompt preparation of proper documentation kept with the records of the corporation, as well as the filing of the government forms and notices keeping the relevant information up to date on government registries. Failure to respect these obligations may lead to government fines and even the dissolution (closing) of a corporation.

To learn more or to perform some compliance check out our site: https://www.corpcentre.ca/compliance-centre/


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