Settlement of debts on the winding-up of a corporation

NO: IT-142R3 DATE: January 11, 1988 SUBJECT: INCOME TAX ACT Settlement of debts on the winding-up of a corporation REFERENCE: Subsection 80(3) (also section 21 , subsections 10(1), 12(3), 12(6), 18(2), 18(3.1), 80(1), 80(4), 88(1) and 248(1)). Application This bulletin replaces and cancels Interpretation Bulletin IT-142R2 dated May 22, 1984. Current revisions are designated by vertical […]