Canadian-controlled private corporation (CCPC)

For your corporation to be considered a CCPC, it has to meet all of the following requirements at the end of the tax year:

• it is a private corporation;
  
  
• it is a corporation that is resident in Canada and was either incorporated in Canada or resident in Canada from June 18, 1971, to the end of the tax year;
  
  
• it is not controlled directly or indirectly by one or more non-resident persons;
  
  
• it is not controlled directly or indirectly by one or more public corporations (other than a prescribed venture capital corporation, as defined in Regulation 6700 of the the Income Tax Regulations);
  
  
• it is not controlled by a Canadian resident corporation that lists its shares on a designated stock exchange outside of Canada;
  
  
• it is not controlled directly or indirectly by any combination of persons described in the three preceding conditions;
  
  
• if all of its shares that are owned by a non-resident person, by a public corporation (other than a prescribed venture capital corporation), or by a corporation with a class of shares listed on a designated stock exchange were owned by one person, that person would not own sufficient shares to control the corporation; and
  
  
• no class of its shares of capital stock is listed on a designated stock exchange.
  
  

Forms and publications

• T2 Corporation Income Tax Guide (T4012)
• IT458, Canadian-Controlled Private Corporation