CRA confirms that an acquisition of control generally will not generate additional T106 filings

Where there is an acquisition of control of a corporation with a calendar year end, thereby resulting in two taxation years ending in that year, CRA will permit the filing of a single T106 to cover both taxation years. The same applies for a non-calendar taxation year provided that the two stub periods add up to 12 months. The form can be filed up to the regular filing-due date (i.e., June 30 where calendar years were used).

Neal Armstrong. Summary of 7 October 2016 APFF Roundtable, Q.1C under s. 233.1(2).