Acquisition of control
My client purchased 100% shares of a corporation from a third party on June 1, 2019 (completion date). My questions are:
- Does the previous owner have to file a final T2 return up to May 31, 2019 and my client needs to file from June 1, 2019?
- The corporation used to have a March 31st year end. Can my client file a T2 for June 1-December 31, 2019 and keep the December 31st year end?