Hello, thanks for the reply. Actually I just talked to my accountant recently and she said she reported my income as a 'management fee'. She files my personal income as a self-employed business (form T2125). But she doesn't claim any business expenses because she already claims them in my T2 corporate return which in turn makes my tax owing in my personal income tax return ridiculously high (around $2500 + the corporation tax owing of $2000-$2500). So in total I pay almost $5000 every year for the tax which I could no longer afford hence the reason I dissolved my corporation.SirLookout4Deals wrote: ↑May 10th, 2016 6:07 pmDo you know for certain that your income was treated as a salary? If so a T4 should be issued. If it hasn't been you would need to to create and file one even though your corporation has dissolved.
Could your income have been declared as a dividend? If so a T5 should have been issued with the same issues as above.
I would go through and check your corporate income statement and see where it was recorded. It might have even just been recorded as a payable by you to the corporation, so check your corporate balance sheet as well.
So can anybody else confirm if it is still possible to issue myself a T4 from my corporation which was just recently dissolved? Would issuing T4 help me somewhat lower my tax owing or it would not make any differences? I am going through all this hustle and headache of filling my own T1 and T2 because I could no longer afford my accountant to pay another $700. Please help I would greatly appreciate it.
Thanks a lot.