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1. As the sole shareholder of the business, is a dissolution of my CCPC be treated as share disposed at Arm's-length?
S4-F8-C1. Article 1.12,
"For a loss described in ¶1.11 to qualify as a business investment loss, the disposition must be:
2. Could ABIL be deducted with an optional amount? For example, I had other source of income of $70,000 in 2019 and ABIL of $100,000. Could I choose to deduct $50,000 in 2019 and carry forward the other $50,000?
Thanks!
Ryan Li
Solved! Go to Solution.