NLIS 1
November 1, 2005
(Government Services)
 

Companies notified of change to annual return filing dates

Dianne Whalen, Minister of Government Services, announced today that starting January 1, 2006, companies will be required to file their annual return prior to the end of the month in which the date of their registration, amalgamation, or revival, whichever is later, occurs. Previously, all companies were required to file returns by April 1 of each year.

�This change will improve services significantly,� said Minister Whalen. �In the past, there would be a rush of annual returns leading up to the April 1 deadline which in turn sometimes required some time to process. With this change, the filing dates will be staggered depending on the anniversary of a company. This will mean that processing will be prompt and the overall service for all companies improved.�

All corporations doing business in the province are required to register with the Registry of Companies and file annual returns to remain in good standing. Reminder notices will continue to be sent out 60 days prior to the expiration of the previous return. A brochure will be sent out to all active registered companies and should be arriving in the mail this week.

�I would encourage those who receive this brochure to look at it carefully as it has detailed information on the transition period for 2005 and 2006 annual returns. Although the annual return fee will remain the same, the fee will be pro-rated for each month up to, but not including, the anniversary month in 2006. It is very important that these figures are consulted in order to determine the fee for 2006,� said Minister Whalen.

After the transitional period, future annual returns will return to a 12 month filing period (from the first day in the anniversary month to the last day of the month prior to the anniversary). The annual return fee in future years will resume at the annual 12 month rate.

Companies can file their returns online through the Companies and Deeds Online (CADO) system. CADO makes it easier for companies to file their annual returns from the comfort of the users' homes or offices. Other benefits include:

  • records being immediately updated;
  • certainty that the documents will arrive on time and not be returned for incomplete information; and
  • ability to file anytime, day or night, from your own computer.

In addition, as of November 1, 2005 companies will be able to back file their returns for the last three years. This will ensure that they are not involuntarily dissolved or cancelled from the registry. Late fees will be applied for each annual return prior to April 1, 2005 not filed on time.

CADO is available 24 hours a day, seven days a week at https://cado.eservices.gov.nl.ca. Companies or individuals requiring further information on how to use CADO can contact Lorraine Vokey at (709) 729-5724 or Dean Doyle at (709) 729-4043.

More detailed information can be obtained from Commercial Registrations Division Web site at www.gov.nl.ca/gs/cr.

Media contact: Vanessa Colman-Sadd, Communications, (709) 729-4860, 682-6593

2005 11 01                  10:00 a.m.


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