Director liability, clearance certificates and distributions on winding up. Co-hosted with a CPA and a licensed insolvency trustee. The recording goes to everyone who registers.
Save my seatWe will send the link and the recording.
Information for professional review. Not legal, tax or accounting advice. No continuing-education credit is claimed.
When a company does not remit payroll deductions or GST/HST, the CRA can look to its directors, including after the company is dissolved, for a limited time after they stop being directors. What the diligence defence needs.
Sources: Income Tax Act s.227.1; Excise Tax Act s.323; CRA IC89-2What a clearance certificate confirms, why distributing before it is issued can leave the person who distributed personally liable, and how long it can take.
Source: CRA: clearance certificatesHow a distribution above paid-up capital can be treated as a deemed dividend, what part the capital dividend account may cover, and when a share sale is worth comparing.
Source: Income Tax Act s.84(2)Presenters will be named only with their written agreement.
CloseMyBusiness.ca. More than 20 years in corporate restructuring, including hundreds of wind-ups and turnarounds. Not a lawyer, CPA or insolvency trustee, by design.
Takes the tax questions: distributions, clearance and final returns.
Explains when a closing should move to a trustee, and what a first consultation involves.
We will show the work order and closing packet once, and that is all we will sell. We will not ask you to refer anyone. CloseMyBusiness.ca pays and accepts no referral fees, and the briefing is free to every accountant and bookkeeper. It is general information, not advice for your clients' situations, and no continuing-education credit is claimed.
Accountants and bookkeepers who serve owner-managed Canadian businesses. Ontario and federal corporations are our starting point, so the examples lean that way.
Yes. Everyone who registers gets the recording.
No credit is claimed. Check with your own regulator if you want to report it.
No. You will receive the recording, and occasional related material that you can unsubscribe from at any time.
No. We neither pay nor accept referral fees.
Thirty minutes, with a CPA and a trustee in the room. Register once and get the recording either way.
Save my seatFree to every accountant and bookkeeper, whether or not you ever refer a client.