What does the CCPC dissolution date do?
Where to find it: CCPC PROFILE / CCPC REVENUES
Set the planned dissolution date in CCPC PROFILE. At the end of that year, TIME MACHINE liquidates the modelled corporate investment accounts, pays loans and corporate taxes, and distributes the remaining amount to shareholders under its dividend rules. Relevant insurance cash value is included as supported by the policy inputs.
This is a wind-up of the modelled corporation. It is not a sale of your company’s shares at a separately negotiated business price, and does not calculate a lifetime capital gains exemption on such a sale.
Review the dissolution-year CCPC and personal reports together. Do not also add the same liquidation proceeds as an inheritance or sale income, which would count the money again.