BC Company Annual Report
BC Company Annual Report
Under the British Columbia Business Corporations Act, all BC registered companies are required to file an Annual Report with the BC Corporate Registry annually to confirm their continued existence and update their registration information. The Annual Report is a legally mandated compliance filing and is unrelated to T2 Tax Returns.
Companies that fail to file an Annual Report on time will lose their Good Standing status; failure to file for two consecutive years may result in dissolution by the BC Registry.
Applicable Companies:
BC Corporations
BC Holding Companies
BC Dormant Companies
BC Unlimited Liability Companies (ULCs)
Even if a company has no business activity in a given year, it is still required to file an Annual Report on time.
Filing Deadline:
The Annual Report must be filed within two months of the company's anniversary date.
Access Code:
The Access Code is usually sent to you by email or can be found in your annual report reminder email.
Please note that the Annual Report does not include:
- Corporate Tax Return（T2）
- GST/HST Return
- Payroll Return
- Annual Financial Statements
- Financial training or consultation
- Extension services (find access code, government notification, change business info, etc)
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FAQ
1. What is a BC Annual Report?
The BC Annual Report, officially known as the BC Annual Report, is an annual declaration that every BC Corporation is required to submit to the BC Corporate Registry, in accordance with British Columbia company registration requirements.
The main purpose of the Annual Report is to confirm that the company is still actively operating and that the company information registered with the BC Corporate Registry remains accurate.
It is important to note that the BC Annual Report is not a Corporate Tax Return (T2). The annual report is a corporate registration maintenance matter, while the T2 Corporate Income Tax Return is a tax declaration; these are different compliance requirements.
2. Does a BC company have to file an annual report every year?
Yes.
Generally, a BC incorporated company is required to submit a BC Annual Report every year.
The BC Corporate Registry requires BC companies to complete their annual report within a specified period after their incorporation anniversary date each year.
Even if the company:
- Had no revenue that year
- Did not conduct business
- Had no employees
- Did not generate profit
- Is temporarily inactive
As long as the company remains registered, it typically still needs to complete its annual report.
3. When is the BC Annual Report due?
The filing deadline for the BC Annual Report is calculated based on the company's Anniversary Date, not according to the calendar year end of December 31.
For example:
Company registration date:
March 15, 2025
Then the company's Anniversary Date is typically:
March 15
Every year thereafter, the Annual Report needs to be completed around this date.
BC companies typically need to submit their Annual Report within two months after their Anniversary Date.
4. Are the BC Annual Report and corporate tax filing the same thing?
No.
This is one of the most common points of confusion for business owners.
BC Annual Report
Pertains to BC Corporate Registry company registration maintenance.
Corporate Tax Return / T2
Pertains to Canada Revenue Agency (CRA) corporate income tax filing.
Therefore, a company may simultaneously require:
BC Annual Report + T2 Corporate Tax Return
Completing a corporate tax filing does not mean the BC Annual Report has been completed; similarly, completing the BC Annual Report does not mean the corporate income tax return has been filed with the CRA.
5. What information is required for the BC Annual Report?
When filing the BC annual report, the following information typically needs to be confirmed:
- Company Legal Name
- BC Incorporation Number
- Company registered address
- Records Office information
- Directors' information
- Company Email Address
- Company's current registration status
- The year corresponding to the Annual Report
If directors, registered address, or other company information has changed, it may be necessary to first process the corresponding Notice of Change before completing the Annual Report.
6. Can changes to company directors or address be made directly through the Annual Report?
Not necessarily.
The Annual Report is primarily for confirming the company's annual information.
If the company's:
- Registered Office address changes
- Records Office address changes
- Director changes
- Director address changes
It typically may require submitting a separate Notice of Change of Address or Notice of Change of Directors.
We also provide separate company information change services.
7. What if the BC Annual Report is overdue?
If the BC Annual Report is overdue, it is advisable to file it as soon as possible.
If a company fails to complete its Annual Report within the specified time, it may lose its Good Standing status.
If a company continuously fails to fulfill its Annual Report obligations for multiple years, it may further face the risk of being struck off or dissolved by the BC Corporate Registry.
Therefore, even if it is overdue, it is not advisable to further delay; instead, you should promptly check the company's current status and all outstanding Annual Reports.