ADMN 4710H Chapter Notes - Chapter 13: Privately Held Company, Cash Flow, Double Taxation

• School: Trent University
• Department: Business Administration
• Course: ADMN 4710H
• Professor: Kumar Coomarasamy

Document Summary

Ccpc canadian controlled private corporation: definition: Is not controlled by a non-resident of canada. Review question 13-1: a canadian corporation whose voting share capital is owned 50% by. Is a ccpc because the corporation is not controlled by non- residents. Review question 13-2: basic differences between public corporations and ccpc: tax impact on ccpc (vs. other types of corporations) Eligibility for sbd: not exposed to double taxation (when taxable income is < k, normally, shareholders also have secondary relationship (in addition to the primary relationship, rental agreements. To determine the sbd limit between the associated corporations (the sbd limit needs to be allocated amongst all associated corporations) To determine part-iv tax on dividends received and, to determine qualified small business corporate shares (qsbcs) To prevent superficial losses that is triggered by transactions between affiliated corporations. To determine non-arm"s length transactions and to determine associated corporations (transactions at fmv) (transactions between related corporations should be determined at.