How To: Close a Canadian-Controlled Private Corporation (CCPC) | Part 4 - Filing Final Returns and Clearance Certificate TX19

In this video, learn the step-by-step process for filing the final T2 Corporation Income Tax Return, obtaining a clearance certificate, and distributing remaining assets when dissolving a corporation in Canada. We’ll guide you through each requirement, from submitting Form TX19 to finalizing all tax obligations with the CRA.

Stay tuned for our upcoming video series, where we’ll provide in-depth coverage on each step involved in closing your Canadian Controlled Private Corporation (CCPC). Over the next few weeks, we'll dive deeper into each topic, offering detailed guidance and expert insights to help you successfully navigate the dissolution process. Don't miss these essential tutorials!

🔑 In this video, we’ll cover:
✅ Filing the Final T2 Return: Detailed guidance on completing the T2 Corporation Income Tax Return with essential schedules and financial statements.

✅ Ensuring All Taxes Are Paid: Covering income tax, GST/HST, and payroll tax payments to prevent any outstanding liabilities.

✅Requesting a Clearance Certificate: Completing Form TX19 and attaching required documents, including the statement of assets and the resolution authorizing dissolution.

✅ Final Distribution of Assets: Steps for distributing remaining assets post-clearance certificate.


Avoid penalties and ensure full compliance with CRA regulations by following these essential steps for corporate dissolution. Don’t forget to subscribe for more tax and business compliance tips!

If you're dissolving a corporation in Canada, whether it's a CCPC or another entity, this video will guide you through the crucial final steps to avoid pitfalls.

Disclaimer:
The information provided in this video is for general educational purposes only and is not intended to be legal, tax, or professional advice. Closing a Canadian Controlled Private Corporation (CCPC) involves legal and financial considerations unique to each business, and you should consult with a qualified legal, tax, or financial advisor for specific advice tailored to your situation. Relying solely on this information may not address all relevant factors or requirements for your particular circumstances.

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