Bill PR28 explained in plain English

Bill PR28 revives the dissolved corporation 668986 Ontario Inc. and restores all its property, rights, and liabilities as they existed before dissolution.

This is a private member's bill that brings a dissolved corporation back into legal existence. In 1990, a corporation called 668986 Ontario Inc. was dissolved (shut down) because it failed to comply with tax requirements under the Corporations Tax Act. The sole director and shareholder, Domingo Ramon Pineda, is asking for special legislation to revive the corporation. He explains that the failure to comply was unintentional and that he wants to revive the corporation to deal with real property (land or buildings) that the corporation owned when it was dissolved. The bill grants this request. Once the bill received Royal Assent on April 15, 2026, the corporation is brought back to life. It gets back all its property, rights, privileges, and franchises that it had before dissolution, but it also remains responsible for all its liabilities, contracts, disabilities, and debts as of the dissolution date. However, the revival does not undo any rights that other people may have acquired after the corporation was dissolved.