Canadian controlled private corporation
(Redirected from CCPC)
A Canadian controlled private corporation or CCPC[1] is an incorporated small business which may qualify for lower tax rates on active business income[2]. In order to qualify as a CCPC it must not be controlled, directly or indirectly in any manner whatever, by public corporations, non-residents or a combination of the two.
A CCPC provides access to the small business deduction.[3]
There is a tax benefit, as part of the lifetime capital gains exemption (LCGE)[4], that may be available to the shareholders when the shares of a qualified CCPC are sold.
See also
References
- ^ CRA, IT458R2 - Canadian-Controlled Private Corporation, viewed November 19, 2013.
- ^ CGA-Canada, Definition, viewed Nov 27, 2011.
- ^ CRA, IT73R6 - The Small Business Deduction, viewed November 19, 2013.
- ^ CRA, Budget 2013 - Lifetime Capital Gains Exemption, viewed November 19, 2013.
Further reading
- Financial Wisdom Forum topic: "Investment income in a CCPC"