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Non-Capital losses Tax

2.81K viewsTax Questions

One of our corporation has losses of $250,000. Can our other organization acquire that company and use those losses? Please advice.

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You can amalgamate the the two companies and the new amalgamated corporation can carry-forward the losses of the predecessor corporation. But these losses will not be carried back.

We can certainly help you with that. Please feel free to call us to set up an appointment.

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