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Are you listed as the only director of this corporation?
Are you saying you owe the CRA for sales tax and remittances?
This is a very serious situation. That is because while you will not owe corporate debt personally, you will personally owe all of the GST that is owing and all of the remittances that are owing. Even if you declare personal bankruptcy that does not extinguish these debts as you likely know.
If he is talking about transferring assets to his son your next step has to be to consult with a lawyer face-to-face as you very well may have to take steps to freeze his assets so that you are not left in a dire situation.
I am not able to speak to you on the telephone. The rules of my law society prohibit this because you are not my client.
He is liable to you but you are liable to the CRA.
This is why you need your own lawyer and quickly.
I am so sorry about that.
But don't give up. Get a lawyer and then take the steps the lawyer recommends.