Other private corporation

To be considered an other private corporation, the corporation has to meet all of the following requirements at the end of the tax year:

• it is resident in Canada;
  
  
• it is not a public corporation;
  
  
• it is not controlled by one or more public corporations (other than a prescribed venture capital corporation, as defined in Regulation 6700 of the Income Tax Regulations);
  
  
• it is not controlled by one or more prescribed federal Crown corporations (as defined in Regulation 7100); and
  
  
• it is not controlled by any combination of corporations described in the two previous conditions.
  
  

Forms and publications

• T2 Corporation Income Tax Guide (T4012)