Member since: Oct 12
|Please see BOTH Federal and Provincial websites.
It is possible. They do permit the same. I do the Accounting tasks for myself. You should consult your Accountant or search the Federal Websites too and come to your own conclusions. Here is the Provincial LINK.
Hope this helps.
Originally posted by nabilbb
What are the accounting entries to transfer assets and liabilities from one Corporation to another?
There will be no payments and the two corporations have the same owners.