Non capital Loss transfer

Question

1952 viewsSeptember 10, 2018Business Tax

0

Leah (anonymous) Posted September 7, 2018

We control two corporations – one corporation is dissolving due to non viability, this corporation has $200,000 in non capital losses. Can our second corporation acquire this corporation and utilize the losses against previous and future gains?

1 Answer

score 0 · Answer 1 · 2018-09-10T14:39:14+00:00

Hi Leah,

Assuming that you amalgamate the two companies, the new amalgamated corporation can carry-forward the losses of the predecessor corporations, but not back.

Non capital Loss transfer

1 Answer

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