Can a CCPC have expenses but no income when winding up?
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Can a CCPC have expenses but no income when winding up?
Just wondering if this would be a problem where you have zero or close to zero income in a CCPC but have expenses in the year you are winding up a corporation since there are still management expenses, salary, telephone bills, etc... Expenses tend to die slower than income
Last edited by scorpionman on 17 Dec 2017 12:39, edited 1 time in total.
Re: Can a CCPC have expenses but no income when winding up?
Yes. And if you're going to carry the loss back for a refund,don't wind up until you get the refund.