A Certificate of Status for a Nunavut Company is issued by the Nunavut government.
When is a Certificate of Status for Nunavut Company Required
A Nunavut Certificate of Status is required when you need to provide someone or some other company with the assurance that your Nunavut company is in good standing.
What Does the Certificate of Status for a Nunavut Company Confirm
The Certificate of Status for a Nunavut company will provide the accurate current name of the company, the corporate number issued for the company by the Nunavut government and the status of the company, i.e. whether it is still active and in compliance with its filings.
Nunavut companies must file federal tax returns each year and if those returns are not filed for a number of years the federal government will dissolve the company.If your address is current on file you will be provided with warning from the Revenue Canada Agency that tax returns are due.As well, Nunavut companies are required to file Nunavut annual returns each year and if those returns are not filed for a number of years the company will be dissolved.If you have not received your annual return filings you will need to obtain the assistance of a search house to obtain copies of these so they can be completed and filed.
Certificates of Status are sometimes required by banks, law firms, individuals on the other side of a corporate deal whereby you may be selling your company, buying property, registering a vehicle, renewing a domain name, etc.Any person or company that your Nunavut company is dealing with may ask you to provide them with a Certificate of Status to ensure your company is in good standing with the Nunavut government. Keep in mind as well that your clients may also order a Certificate of Status directly on their own to ensure your business is in good standing.
How is the Nunavut Certificate of Status Provided
A certificate of status for a Nunavut company will take 24 to 48 hours to be provided and it will be in the form of a pdf.