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OntarioPassed43rd Parliament, 1st Session

Bill PR6 explained in plain English

Nextblock Inc. Act, 2022

Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.

At a glance

Jurisdiction
Ontario Legislature
Legislature / Parliament
Legislative Assembly of Ontario
Session
43rd Parliament, 1st Session
Bill number
Bill PR6
Full title
Nextblock Inc. Act, 2022
Current status
Passed
Latest event
Royal Assent received
Last updated
Dec 8, 2022

Official Legislative Assembly of Ontario snapshot for 43rd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.

Chamber
Legislative Assembly of Ontario
Current Stage
Royal Assent received
Latest Activity
Dec 8, 2022
Plain-language explanation
In plain English (our explanation)

Our plain-language take, written for civic education.

Source: By PoliticalData.ca

AI-assisted, reviewed before publishing
Short Version

The Nextblock Inc. Act, 2022, revives the dissolved corporation Nextblock Inc. to allow for the resolution of outstanding tax matters.

What It Means

This Ontario Act allows Nextblock Inc., a corporation that was voluntarily dissolved on December 4, 2019, to be revived. The revival is intended to allow a former shareholder and director to address outstanding tax matters related to the corporation. Upon revival, the corporation is restored to its legal position as if it had not been dissolved, subject to any rights acquired by others after its dissolution.

What This Bill Does
  • Revives Nextblock Inc.
  • Restores Nextblock Inc. to its legal position as if it had not been dissolved.
  • Specifies that the revival is subject to any rights acquired by any person after the corporation's dissolution.
  • States that the corporation will be subject to all its previous liabilities, contracts, disabilities, and debts.
  • Establishes that the Act comes into force on the day it receives Royal Assent.
Who Is Affected
  • Nextblock Inc.
  • Ryan Roebuck (former shareholder and director of Nextblock Inc.)
  • The Crown in right of Ontario (regarding tax matters)
  • Any persons who acquired rights after the dissolution of Nextblock Inc.
Rights, Duties, Or Obligations
  • Nextblock Inc. is restored to its legal position, including all its property, rights, privileges, and franchises.
  • Nextblock Inc. is subject to all its former liabilities, contracts, disabilities, and debts.
  • The revival is subject to any rights acquired by any person after the dissolution of Nextblock Inc.
Important Dates
  • The Act came into force on December 8, 2022, the day it received Royal Assent.
Financial Or Tax Impacts
  • The revival of Nextblock Inc. is intended to deal with certain outstanding tax matters related to the corporation.
Uncertainties Or Limits
  • The revival of Nextblock Inc. is subject to any rights that may have been acquired by any person after the corporation's dissolution. The Act does not specify how these pre-existing rights will be managed or prioritized.
  • The Act does not detail the specific tax matters that need to be addressed or the process for resolving them.
Laws Or Regulations Affected
Business Corporations Act
revival of a dissolved corporation

Allows for the revival of Nextblock Inc., which was dissolved under this Act.

Source: Preamble

Nextblock Inc. Act, 2022
commencement

This Act comes into force on the day it receives Royal Assent.

Source: Section 2

Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.

Official text

Process Snapshot

Step 1
First reading
Oct 26, 2022
Step 2
Second reading
Dec 7, 2022
Step 3
Committee review
Not reached yet
Step 4
Third reading
Dec 7, 2022
Step 5
Royal assent
Dec 8, 2022

Vote Summary

No published recorded division

This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.

Sponsor
Jessica Bell
New Democratic Party of Ontario | University—Rosedale
Jurisdiction
Ontario Legislature

No published representative vote breakdown

The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.

Official sources

Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.

How this data is sourced