Moving to Canada - Canadian tax on disposing foreign assets

[winterdiva]

I have a limited company here in the UK with about CAD 100k profits in it. It is currently dormant. I will be closing the company a few months after I move to Canada. There will be no appreciation whatsoever between my moving date and company closing date. As per my understanding, I will not have to pay tax on this money in Canada. Please can someone confirm if this is correct?

 

[torontosm]

I have a limited company here in the UK with about CAD 100k profits in it. It is currently dormant. I will be closing the company a few months after I move to Canada. There will be no appreciation whatsoever between my moving date and company closing date. As per my understanding, I will not have to pay tax on this money in Canada. Please can someone confirm if this is correct?

Is there cash in the company? If there is, and you distribute this cash out by way of bonus or dividend prior to closing the company, you will be taxed on that as income.