2008-11-25
Directors of a corporation can be personally liable for certain debts should the corporation be bankrupt or be unable to pay the debts. These debts include: - certain employee wages - unpaid payroll remittances - unpaid GST Corporate income taxes owing to Canada Revenue Agency are not a personal liability of the director. There is an exception to this: - The directors transferred property to themselves at a time when the corporation owed corporate taxes (the transfer of property can include the payment of dividends). If the directors benefitted by receiving property or a dividend, they may be personally liable for the corporate income taxes. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, three in 10 (29%) Saskatchewan and Manitoba residents acknowledge they need help to get out of debt.
