The Affidavit of Business Closure is a crucial legal document required when formally closing a business in Canada. It is typically used when a business needs to provide official documentation of its closure to government authorities, financial institutions, creditors, or other stakeholders. The document includes sworn statements about the business's operational status, the completion of necessary closure procedures, and the fulfillment of various obligations. This affidavit must comply with both federal and provincial requirements and needs to be sworn before an authorized official such as a Commissioner of Oaths or Notary Public. It serves as a permanent legal record of the business closure and may be required for tax purposes, legal proceedings, or future reference. The document is particularly important for protecting business owners by formally documenting the proper dissolution of the business entity and completion of all required closure procedures.
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1. Title and Jurisdiction: States that this is an Affidavit of Business Closure and identifies the relevant jurisdiction
2. Deponent Information: Identifies the person making the affidavit, including their full legal name, occupation, and address
3. Business Information: Details about the business including legal name, registration/incorporation number, business address, and type of business entity
4. Authority Statement: Establishes the deponent's position and authority to make statements about the business
5. Closure Details: States the effective date of closure and reasons for closing the business
6. Wind-up Confirmation: Confirms that all business operations have ceased and describes the wind-up process
7. Financial Statement: Declares the status of business accounts, assets, and liabilities
8. Statutory Compliance: Confirms compliance with relevant laws and regulations regarding business closure
9. Declaration of Truth: Standard statement affirming that the contents are true to the best of the deponent's knowledge
10. Jurat: Space for signature, date, and commissioner of oaths' certification
1. Employee Affairs: Section confirming all employee-related obligations have been met - required if the business had employees
2. Tax Compliance: Detailed statement about tax compliance and final returns - required if specifically needed for tax authorities
3. Creditor Information: Details about arrangements with creditors - required if the business has outstanding debts
4. Asset Disposition: Information about how business assets were disposed of - required if significant assets existed
5. Partner/Shareholder Resolution: Reference to formal resolutions - required for corporations or partnerships
6. Lease Termination: Details about termination of business premises lease - required if business operated from leased premises
1. Schedule A - Asset Inventory: Detailed list of business assets and their disposition
2. Schedule B - Outstanding Liabilities: List of any remaining debts or obligations
3. Schedule C - Employee Information: List of employees and confirmation of final payments
4. Schedule D - Government Account Numbers: List of all business registration and tax account numbers
5. Appendix 1 - Supporting Documents: Copies of relevant closure documentation (dissolution certificates, tax clearances, etc.)
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