CRA issues a clearance certificate before a corporate dissolution

CRA will issue a single s. 159(2) certificate to the first-named legal representative, but will include all other representatives' names on the certificate and send copies to other addresses if provided.

A corporation does not have to be dissolved before requesting a clearance certificate, and a partial clearance certificate can be issued if the articles of dissolution are pending closure or the intent is to dissolve the corporation.

Disclaimer:
“Please note that the information provided in this article is of a general nature and may not be accurate for your specific situation. The information is current as of the date of posting and is not intended to provide legal advice. It's always recommended that you consult with a professional accountant and lawyer for personalized guidance and advice."