Public corporation

Your corporation is a public corporation if it is resident in Canada and meets either of the following requirements at the end of the tax year:

• it has a class of shares listed on a designated Canadian stock exchange; or
  
  
• it has elected, or the Minister of National Revenue has designated it, to be a public corporation and the corporation has complied with prescribed conditions, under Regulation 4800(1) of the Income Tax Regulations, on the number of its shareholders, the dispersing of the ownership of its shares, the public trading of its shares, and the size of the corporation.

If a public corporation has complied with certain prescribed conditions under Regulation 4800(2), it can elect, or the Minister of National Revenue can designate it, not to be a public corporation.

Forms and publications

• T2 Corporation Income Tax Guide (T4012)