Hi everyone,

I registered my business, under the CBCA on August 8, 2023, and I just completed my 2024 Annual Return filing online. The process was straightforward: I entered my information, paid $12, and received a confirmation email with the documents attached.

However, I noticed that I wasn’t asked to declare any income or expenses during the process. My startup is still in the building phase, and we don’t have any revenue yet.

I’m wondering:

1. Is there anything else I need to do to meet my obligations with Corporations Canada?
2. Do I need to report my lack of revenue anywhere else, such as the CRA (Canada Revenue Agency)?
3. Are there any additional steps for a startup with no income but ongoing expenses?

I want to ensure I’m fully compliant, especially since this is my first time going through the annual return process.

Any guidance or resources would be greatly appreciated!

Thanks in advance!