Definition Flashcards
1
Q
Canadian Controlled Private Corporation (CCPC)
A
Subsection 125(7) - CCPC means a private corporation that is a Canadian corporation other than
(a) a corporation controlled directly or indirectly by one or more NR persons
(b) a corporation each share owned by an NR person, by a public corporation or owned by a public listed company
(c) a corporation listed on the designated stock exchange
(d) a corporation has made an election under subsection 89(11) and has not to revoke an election under 89(12)
