Wind-ups

When a subsidiary corporation is wound up into a Canadian parent corporation, the parent corporation generally has to include, in addition to its own instalment base, the instalment base of its subsidiary corporation. See subsection 88(1) of the Income Tax Act and Regulation 5301(6) of the Income Tax Regulations.

See also the example of instalment base – wind-ups.

Forms and publications

• T2 Corporation – Income Tax Guide (T4012)
• Corporation Instalment Guide (T7B-CORP)

Date modified:

2015-12-15