With Respect to the Application of ITA 88(1), Winding Up

With respect to the application of ITA 88(1) , winding up of a 90 percent owned subsidiary, which of the following statements is NOT correct?

A) A write up of non-depreciable capital property may be available.
B) Both the subsidiary and the parent will have a deemed year end.
C) Subsidiary losses will become available to the parent company in its first taxation year which begins after the windup.
D) The tax values of the subsidiary assets will be carried forward to tax records of the parent company.