If you are planning to close your business, there are a few things you should consider, such as notifying Canada Revenue Agency (CRA), filing a final tax return, paying any outstanding tax amounts, and financing your succession planning.
Canada Business website provides good information on what to consider when closing or selling your business like:
- Legal and financial obligations
- Dissolving a corporation
- Financing your succession planning
Post Date: July 27, 2011
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