Client is closing company and it has Approx $17K Goodwill as asset. Does this get entered as a terminal loss in the T2 return?

The company has been closed although not officially.  The client wants to file a final return now (normal fiscal year end is June 30).


The question of a loss on goodwill is very complicated and depends upon how the goodwill originally was acquired and when.  I am not providing an opinion on that.  But I notice you say the company has not been closed "officially" - you cannot file a final corporate tax return unless the company has been struck from the registry (dissolved) and CRA approves a change in year end to the date on the notice of dissolution. 

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