With regard to the requirement for dissolving corporations to apply for and receive tax clearance certificates from the Canada Revenue Agency (CRA) before disbursing remaining capital to investors: (a) how many applications for tax clearance certificates are in process at the CRA at this time; (b) what is the CRA’s target for processing tax clearance certificate applications; (c) for each year between 2014 and 2018, what percentage of applications for tax clearance certificates did the CRA process within its target timeline; (d) for each year in (c), what was the average processing time for tax clearance certificate applications; (e) for each year in (c), what was the average value of capital awaiting disbursal while a tax clearance certificate application was in process; (f) for each year in (c), what was the aggregate value of capital awaiting disbursal further to processed tax clearance certificates; (g) what is the aggregate value of capital awaiting disbursal further to applications for tax clearance certificates at this time; and (h) what is the average value of capital awaiting disbursal further to applications for tax clearance certificates at this time?
In the House of Commons on November 19th, 2018. See this statement in context.