Corporate Tax - Shutting Down the Corporation (Live Webinar)
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 corporations. Common traps and planning opportunities that arise when shutting down corporations will also be discussed.
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 T2-specific issues, such as where to check on the T2 that a corporation has been amalgamated or dissolved.
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Course Description
Applicable for
Learning Objectives
- Understand the different ways in which a corporation can be “shut down”
- Understand the key tax issues associated with the taxable windup of a corporation
- Understand the key tax issues associated with the tax-deferred windup of a corporation
- Understand the key tax issues associated with the amalgamation of two or more corporations
- Understand 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 may arise on winding up
- Losses
- Clearance certificates, liability for tax debts, tax refunds, interest deductibility, assessing a dissolved corporation
- PUC and ACB issues
Course Dates & Registration
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Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients.Improving Your Virtual Learning Experience
Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns.
In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.
Live Webinar FAQs can be found here.
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
- 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 (Live Webinar)
- 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 corporations. Common traps and planning opportunities that arise when shutting down corporations will also be discussed.
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 T2-specific issues, such as where to check on the T2 that a corporation has been amalgamated or dissolved.
|
|
Course Description
Applicable for
Learning Objectives
- Understand the different ways in which a corporation can be “shut down”
- Understand the key tax issues associated with the taxable windup of a corporation
- Understand the key tax issues associated with the tax-deferred windup of a corporation
- Understand the key tax issues associated with the amalgamation of two or more corporations
- Understand 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 may arise on winding up
- Losses
- Clearance certificates, liability for tax debts, tax refunds, interest deductibility, assessing a dissolved corporation
- PUC and ACB issues
Course Dates & Registration
Jennifer Reid, CPA, CGA, TEP is a Partner in People Advisory Services Tax at EY in Calgary. Jennifer specializes in assisting private clients with international tax and estate planning issues such as immigration and emigration, dual citizenship considerations, foreign inheritance and foreign investment and asset ownership. Jennifer also assists in designing meaningful executive compensation plans where cross border considerations are front of mind. Jennifer has practiced tax services in Calgary for over 16 years, with a focus on private companies and their owners, as well as trusts and estates. She has experience assisting clients in planning their estate, including considerations such as insurance, trust and probate planning, cross-border planning as well as in transitioning businesses to the next generation or new owners in a tax-efficient manner. Jennifer’s previous experience in Big Four and boutique tax groups, as well as unique experience gained in leading a wealth planning group at a financial institution, allows her to take a holistic approach to tax planning for entrepreneurial and high net worth clients.Improving Your Virtual Learning Experience
Live webinars have varying levels of expected interaction, with some requiring microphone and camera capabilities to support a proper learning experience – please email pdreg@bccpa.ca if you have concerns.
In general, we encourage participants to have their cameras turned on to enhance their virtual learning experience. This practice promotes a stronger connection with the instructor and fellow participants, and fosters improved communication and collaboration.
Live Webinar FAQs can be found here.
Registration terms and conditions, including the cancellation policy can be found here. If you require further assistance, please contact the PD Department.
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.