Bruce is the sole shareholder of Big-Ltd. which has a fiscal year end of December 31⁽ˢᵗ⁾. He initially bought all the shares of Small-Ltd. in 2021 for $500,000. Now, Bruce has decided to wind-up Small-Ltd. under section 20f of the Income Tax Act. What is the reason behind Bruce's decision?
1) To reduce tax liability
2) To merge with another company
3) To sell the shares at a higher price
4) To expand the business
