Summary#
The Five Senses Productions Inc. Act, 2025 is a special Ontario law that revives Five Senses Productions Inc., a corporation dissolved in 2016. It does not amend the Business Corporations Act. Its stated goal is to let the corporation carry on business in its name; the Act itself restores the corporation’s legal position.
- The corporation is restored as if it had not been dissolved, including its property, rights, privileges and franchises as of the date of dissolution.
- It is also restored subject to its liabilities, contracts, disabilities and debts as of that date.
- The restoration is subject to any rights a person acquired after the corporation was dissolved.
- The Act took effect when it received Royal Assent. The supplied material does not give the date.
What it means for you#
- Five Senses Productions Inc.: The corporation is revived and may carry on business in its name. The Act restores its legal position as of its dissolution, subject to rights acquired by others since then.
- People or organizations that acquired rights after dissolution: Those rights are protected by the Act’s limit on the restoration.
- Others dealing with the corporation: The Act restores its contracts and liabilities as of the date of dissolution. It does not set out a process for reviewing or deciding particular claims.
Money#
No cost information is in the available material.
- The Act does not state a public cost, provide funding, or set a fee, tax or fine.
- The corporation is restored with its debts and other liabilities as of the date of dissolution. The material gives no amounts.
What is unclear#
- The Act does not identify the corporation’s property, contracts, debts or other liabilities.
- It does not identify what rights other people acquired after the corporation was dissolved; those rights are protected, but their details are not stated.
- The applicants’ plans for the corporation’s business after revival are not described. No publicly available information.
Case for#
- The bill appears intended to let the corporation resume business in its own name, as the applicants requested.
- Restoring the corporation’s legal position, including its property and contracts, could allow it to continue without treating it as a newly formed corporation.
- The Act expressly protects rights acquired by others after dissolution.
Case against#
- Revival restores not only the corporation’s rights and property but also its debts, contracts and other liabilities. The material does not say what these are or how large they may be.
- The effects on people or organizations with rights acquired after dissolution may be hard to assess because the Act does not identify those rights or the corporation’s property and contracts.
- The Act does not explain the corporation’s future business plans or provide information about the public cost of the revival.