site curve
Bookmark & Share this page
Subscribe to our Blog
Enter your email address:
Bankruptcy Information
debt_Calculator Post an anonymous question Request a free bankruptcy evaluation
Alberta Cities
Questions
Previous Posts
Archive
Site Feed
More Resources
Send your questions to our Alberta Bankruptcy Trustee
Alberta Legislative image

corp bankruptcy

I\’m the director of a small corp and CRA has now deemed it a personal service business ? They did a audit and want $120k in corp income tax and about $22k in GST what is the director\’s liability ? The biz has 1 employee and is my spouse very little other debt. ??? If the company closes what is the downside or liability to the director regarding the corp tax and GST

This entry was posted on Thursday, January 29th, 2009 at 4:33 pm and is filed under bankruptcy. You can skip to the end and leave a response. Pinging is currently not allowed.

One Response to “corp bankruptcy”

  1. Barton Goth, CIRP, Trustee in Bankruptcy says:
    February 11, 2009 at 9:27 am

    As a director you will be personally liable for GST, payroll remittances, anything personally guaranteed, wages, and any actions related to your negligence. All other debt are the sole responsibility of the corporation.

Leave a Reply

www.bankruptcy-alberta.com is a free resource for residents of Alberta Canada
© Cameron • Okolita Inc.
Privacy | Legal Terms | Site Map