Corporation associated with another corporation

Under the Taxation Act, a corporation is associated with another corporation in a taxation year if, at some point in the year:

  • one of the corporations directly or indirectly controls, in any manner whatsoever, the other corporation;
  • the two corporations are directly or indirectly controlled, in any manner whatsoever, by the same person or same group of persons;
  • each of the corporations is directly or indirectly controlled, in any manner whatsoever, by a person, and the person that controls one of the corporations is related to the person that controls the other corporation, and either of the persons owns at least 25% of the issued shares of any class, other than a specified class, of the capital stock of each corporation;  
  • one of the corporations is directly or indirectly controlled, in any manner whatsoever, by a person that is related to each member of a group of persons that controls the other corporation, and this person owns at least 25% of the issued shares of any class, other than a specified class, of the capital stock of the other corporation; or
  • each of the corporations is directly or indirectly controlled, in any manner whatsoever, by a related group and each member of one of the related groups is related to all of the members of the other related group, and one person who is a member of both related groups owned alone, or several persons who are members of both related groups owned together, in respect of each corporation, at least 25% of the issued shares of any class, other than a specified class, of the capital stock thereof.

One mission. Concrete actions.

Read all about how we work to support and inform you. Our vision and values guide us as we carry out our role.

Veuillez patienter