I-3, r. 1 - Regulation respecting the Taxation Act

Section 1r6 Disposition versions

2013-07-03

1R6. For the purposes of the definition of “small business corporation” in section 1 of the Act, a corporation is connected with another corporation at a particular time where, at that time,

(a)  it is controlled, within the meaning of subparagraph b of the first paragraph of section 739 of the Act, but otherwise than by reason of a right referred to in paragraph b of section 20 of the Act, by the other corporation; or

(b)  it is a corporation, shares of the capital stock of which, representing more than 10% of the issued shares of its capital stock having full voting rights and more than 10% of the fair market value of the aggregate of the issued shares of its capital stock, are the property of the other corporation.

s. 1R2; O.C. 1549-88, s. 1; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1; O.C. 701-2013, s. 1.

2012-09-01

1R6. For the purposes of the definition of “small business corporation” in section 1 of the Act, a corporation is connected with another corporation at a particular time where, at that time,

(a)  it is controlled, within the meaning of paragraph b of section 739 of the Act, but otherwise than by reason of a right referred to in paragraph b of section 20 of the Act, by the other corporation; or

(b)  it is a corporation, shares of the capital stock of which, representing more than 10% of the issued shares of its capital stock having full voting rights and more than 10% of the fair market value of the aggregate of the issued shares of its capital stock, are the property of the other corporation.

s. 1R2; O.C. 1549-88, s. 1; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.