If the CRA seized my companies assets and did not satisfy the companies source deduction arrears and the company is dissolved for more than 2 years can CRA pursue any further action against me under the directors liability?
We have had a lawyer who filed under due diligence and interest in penalty relief, we were not successful. Our company was dissolved July 26, 2006 and the CRA seized our assets in spring of 2004 and sold it in September of 2004. But yet, they still hound us for money. According to the income tax act if they do not satisfy the debt within the 2 years after the company is dissolved or the director ceases to be a director through dissolution, they cannot pursue any further action. Is this correct?
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