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Things to consider when selling or closing your business

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