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Sep 07, 2018 4:13 pm
We control two corporations - one corporation is dissolving due to non viability, this corporation has $200,000 in non capital losses. Can our second corporation acquire this corporation and utilize the losses against previous and future gains?
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Sep 10, 2018 2:39 pm
Hi Leah,
Assuming that you amalgamate the two companies, the new amalgamated corporation can carry-forward the losses of the predecessor corporations, but not back.