Is there a time limit after which a dissolved Ontario corporation's property permanently belongs to the Crown?

Yes, there's generally a limited window during which former shareholders, directors, or other interested parties can act, whether by reviving the corporation, where that route is still available, or by pursuing a claims process specifically for forfeited property, before the Crown's interest in that property is treated as final. The exact current time limit is a detail worth confirming directly rather than relying on a figure from memory, since the specific period and process are set out in the governing legislation and its regulations.

Practically, this means that discovering a dissolved corporation had leftover property doesn't leave an unlimited amount of time to sort it out. The longer the delay, the more likely it becomes that the window to revive the corporation or make a claim on the forfeited property has closed, at which point the Crown's ownership becomes effectively permanent for practical purposes.

If you believe you have a legitimate interest in property that forfeited to the Crown after a corporation's dissolution — as a former shareholder, secured creditor, or otherwise — treat it as time-sensitive and get advice promptly rather than waiting to see if a claim can still be made later.