Can a CCPC have expenses but no income when winding up?

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scorpionman
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Can a CCPC have expenses but no income when winding up?

Post by scorpionman » 17 Dec 2017 05:53

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.

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DavidR
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Re: Can a CCPC have expenses but no income when winding up?

Post by DavidR » 17 Dec 2017 12:32

Yes. And if you're going to carry the loss back for a refund,don't wind up until you get the refund.

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