Excluded share
Excluded share
A share of the capital stock of a corporation owned by the specified individual if:
- less than 90% of the corporation's business income is from the provision of services;
- the corporation is not a professional corporation (a corporation that carries on the professional practice of an accountant, dentist, lawyer, physician, veterinarian or chiropractor);
- the specified individual holds 10% or more of the FMV of the shares of the capital stock of the corporation and 10% or more of the votes that could be cast at an annual meeting of the shareholders of the corporation; and
- all or substantially all of the corporation's income is not derived, directly or indirectly, from one or more related businesses.