Line 076 - Is this the final tax year before amalgamation?
Line 076 - Is this the final tax year before amalgamation?
Predecessor corporations filing their last returns have to answer yes to this question on their final returns.
When two or more corporations amalgamate, each of the predecessor corporations has to file a return for the period ending immediately before the effective date of amalgamation. The effective date of amalgamation is governed by corporate law. Generally, the effective date is on the certificate of amalgamation or the letters patent of amalgamation.
Note
The CRA cannot accept returns filed for the period
ending just before a date that is not the effective date of
amalgamation.
Reference
S4-F7-C1, Amalgamations of Canadian Corporations
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