Meaning of "Winding-up"

NO: IT-126R2 DATE: March 20, 1995 SUBJECT: INCOME TAX ACT Meaning of “Winding-up” REFERENCE: Subsections 84(2) and 88(1) (also sections 66.6 and 66.7, subsection 88(2) and the definition of “disposition” in section 54) Application This Bulletin replaces and cancels Interpretation Bulletin IT-126R dated February 3, 1975. Summary “Winding-up” is used in connection with the winding-up of […]