TORONTO — Immediately, Ross Romano, Minister of Authorities and Client Companies, joined by Nina Tangri, Affiliate Minister of Small Enterprise and Pink Tape Discount, launched the brand new Ontario Enterprise Registry, making it simpler, easier, and extra reasonably priced for hundreds of thousands of companies and not-for-profit companies to entry authorities providers.
The brand new Ontario Enterprise Registry replaces an out-dated and inefficient course of, offering enterprise homeowners and not-for-profit operators with direct entry to authorities providers, accessible on-line 24 hours a day, twelve months a yr. Registrations or filings that had been beforehand submitted by mail or fax, taking 4 to 6 weeks to finish, can now be executed immediately by way of the web registry. Annual returns may also be accomplished within the registry, which suggests companies can preserve all their vital filings in a single place. Moreover, the brand new Ontario Enterprise Registry is built-in with the Canada Income Company, enabling the identification of a enterprise or not-for-profit company by a single enterprise quantity, additional streamlining administrative processes.
“Ontario’s earlier three-decade outdated enterprise registry system was cumbersome and complicated, demanding important time and power from enterprise homeowners and not-for-profit operators. Our authorities’s new enterprise registry will assist guarantee they’re outfitted to fulfill the wants of our fashionable economic system and quickly increasing digital world,” stated Minister Romano. “By offering fast and quick access to vital providers on-line, we’re leveraging our superior digital capabilities to take away pointless hurdles and make it simpler for Ontarians to function in our province.”
For the primary time ever, whether or not beginning, sustaining, or dissolving a enterprise, the brand new registry will help companies and not-for-profit companies at each stage of their lifecycle with fast and quick access to over 90 transactions on-line.
“The Ontario Enterprise Registry is a vital step ahead for small companies in Ontario. We all know how a lot time and sacrifice it takes to run a enterprise and by digitizing providers we’re serving to to lighten the load for homeowners and operators,” stated Minister Nina Tangri, Affiliate Minister of Small Enterprise and Pink Tape Discount. “Modernizing authorities providers will cut back pointless burdens and assist to speed up enterprise development throughout the province.”
In step with the launch of the brand new Ontario Enterprise Registry, the Not-for-Revenue Companies Act, 2010 got here into power at present. This legislative framework modernizes governance for Ontario’s not-for-profit companies and considerably reduces the bureaucratic burden on them, shifting from paper-based filings to digital providers and offering enhanced flexibility. Not beforehand accessible in our province, Ontario not-for-profit companies will be capable of entry a web-based authorities system, eliminating the duplication of paperwork and different redundancies. It can additionally empower not-for-profit companies with options like pre-defined textual content that may help their operations, serving to customers submit data error-free and cut back authorized prices.
Fast Details
- Ontario companies and not-for-profit companies can go to Ontario.ca/BusinessRegistry for extra data and to entry the Ontario Enterprise Registry.
- Direct entry to the Ontario Enterprise Registry will increase sooner or later to intermediaries similar to authorized professionals, accountants, and search corporations. Suggestions periods are underway to help future alignment and middleman use of the Ontario Enterprise Registry.
- Dye & Durham Company and ESC Company Companies Ltd. will proceed to supply their providers by way of the Ontario Enterprise Registry.
- The Not-for-Revenue Companies Act, 2010 acquired Royal Assent on October 25, 2010 however couldn’t be introduced into power till the Ontario Enterprise Registry launched.
Quotes
“We’re happy to see the Authorities of Ontario launch the brand new Ontario Enterprise Registry at present and transfer ahead with the way it delivers its providers in a method that’s customer-centric and business-friendly. Modernizing the enterprise registration course of will make it extra seamless and streamlined, serving to enterprise homeowners spend extra time on scaling their enterprise and fewer time on paperwork.”
– Rocco Rossi
President and CEO, Ontario Chamber of Commerce
“The Ontario Nonprofit Community is thrilled to see the Not-for-Revenue Companies Act, 2010 proclaimed in power. This can be a vital development for nonprofits and charities to work below a contemporary authorized framework as they serve Ontarians. We sit up for implementation of the Act, and help for instructional sources for Ontario’s various nonprofit sector. We’re desperate to see the rollout of the Ontario Enterprise Registry and the way it will help organizations throughout Ontario. ONN will proceed to deliver the voices of the sector to authorities with methods to enhance registry processes and implementation of the Act.”
