Corporate Tax - Shutting Down the Corporation (On-Demand - CPA PRO)
Overview
This seminar will focus on the many tax issues that arise, from a compliance and planning perspective, when shutting down a corporation. It will focus exclusively on private companies. Common traps and planning opportunities that arise when shutting down corporations will also be discussed.
Access expires 180 days from purchase date |
Course Description
Although there will be coverage of the issues associated with the winding-up of smaller “mom and pop” type corporations that are ceasing operations, this only represents a small portion of the course coverage. The remainder of the seminar coverage will be more applicable to corporations within larger corporate groups. As an intermediate level course, there will not be any coverage of specific issues related to T2 preparation.
Applicable for
Learning Objectives
- describe the different ways in which a corporation can be “shut down”
- describe the key tax issues associated with the taxable windup of a corporation
- describe the key tax issues associated with the tax-deferred windup of a corporation
- describe the key tax issues associated with the amalgamation of two or more corporations
- describe the key tax issues for the shareholders of corporations that are being “shut down”
Content
- taxable wind-ups
- tax-deferred wind-ups
- tax-deferred amalgamations
- issues impacting shareholders of corporations being shut down
- issues relating to winding-up dividends
- tax issues relating to the disposition of shares and debts
- debt forgiveness issues that arise on winding up
- losses
- clearance certificates, liability for tax debts, tax refunds, assessing a dissolved corporation
- PUC and ACB issues (corporate and shareholder)
Course Content Created: November 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Milan Legris, LL.B, LL.M, TEPAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
- 3.5
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 5
- Credits
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Corporate Tax - Shutting Down the Corporation (On-Demand - CPA PRO)
- 3.5
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
- 5
- Credits
Overview
This seminar will focus on the many tax issues that arise, from a compliance and planning perspective, when shutting down a corporation. It will focus exclusively on private companies. Common traps and planning opportunities that arise when shutting down corporations will also be discussed.
Access expires 180 days from purchase date |
Course Description
Although there will be coverage of the issues associated with the winding-up of smaller “mom and pop” type corporations that are ceasing operations, this only represents a small portion of the course coverage. The remainder of the seminar coverage will be more applicable to corporations within larger corporate groups. As an intermediate level course, there will not be any coverage of specific issues related to T2 preparation.
Applicable for
Learning Objectives
- describe the different ways in which a corporation can be “shut down”
- describe the key tax issues associated with the taxable windup of a corporation
- describe the key tax issues associated with the tax-deferred windup of a corporation
- describe the key tax issues associated with the amalgamation of two or more corporations
- describe the key tax issues for the shareholders of corporations that are being “shut down”
Content
- taxable wind-ups
- tax-deferred wind-ups
- tax-deferred amalgamations
- issues impacting shareholders of corporations being shut down
- issues relating to winding-up dividends
- tax issues relating to the disposition of shares and debts
- debt forgiveness issues that arise on winding up
- losses
- clearance certificates, liability for tax debts, tax refunds, assessing a dissolved corporation
- PUC and ACB issues (corporate and shareholder)
Course Content Created: November 2024
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
Milan Legris, LL.B, LL.M, TEPAbout This Product
On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.
Please note that not all on-demand courses include downloadable materials such as course notes or slides.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.