How to Cancel a Sole Proprietorship in British Columbia, Canada
In order to cancel a sole proprietorship in British Columbia, you must dissolve your business registration. For sole proprietorships, this is done by completing the Dissolution or Change of Partnership or Proprietorship Registration form and submitting it to the BC Ministry of Finance's Registry Services. If your business was issued a Provincial Sales Tax (PST) number, you must close your PST account with the Ministry of Provincial Revenue, Consumer Taxation Branch. If you have a Business Number (BN), you must notify Revenue Canada of your business' dissolution. Finally, you must cancel your municipal business license by contacting the city hall in the locality where your business operates.
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Instructions
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Download the Dissolution or Change of Partnership or Proprietorship Registration form from the BC Ministry of Finance's Registry Services website. Complete the form in its entirety.
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Mail the completed form to:
Ministry of Finance
BC Registry Services
PO Box 9431 Stn Prov Govt
Victoria, BC
Canada V8W 9V3There is no fee for business dissolutions.
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If you have a PST number, contact the Ministry of Provincial Revenue, Consumer Taxation Branch to close your account. They are open Monday through Friday from 8:30am to 4:30pm pacific time and can be reached at 604-660-4524 or 877-388-4440.
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Download form Form RC145, Request to close business number accounts (BN) from the Canada Revenue Agency website. Complete the form and submit it to your local tax services office. You can also contact the CRA Business Window at: 800-959-5525.
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Visit your local city hall's department of business licensing and request to have your business license cancelled. This is usually processed on the same day.
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