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Canadian-controlled private corporation - is a private corporation that is a Canadian corporation other than :
a) a corporation controlled, directly or indirectly in any way, by one or more non-resident persons, by one or more public corporations (other than a prescribed venture capital corporation), by one or more corporations described in paragraph c), or by any combination of the above;
b) a corporation that would be controlled by one person if that one person owned all the shares of any corporation that are owned by any non-resident person, by any public corporation (other than a prescribed venture capital corporation), or by a corporation described in paragraph c); or
c) a corporation, a class of the shares of capital stock of which is listed on a prescribed stock exchange.
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Qualified farm property - is certain property you or your spouse or common-law partner owns. It is also certain property owned by a family-farm partnership in which you or your spouse or common-law partner holds an interest.
Qualified farm property includes:
For more information on what is considered to be qualified farm property, see the T4003, Farming Income guide, RC4060, Farming Income and the CAIS Program guide, or RC4408, Farming Income and the CAIS Program Harmonized Guide.
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Qualified fishing property - is certain property you or your spouse or common law partner owns. It is also certain property owned by a family fishing partnership in which you or your spouse or common law partner holds an interest.
Qualified fishing property includes:
For more information on what is considered to be qualified fishing property, see the T4004, Fishing Income guide.
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Qualified small business corporation shares - a share of a corporation will be considered to be a qualified small business corporation share if all the following conditions are met:
and throughout the 24 months immediately before the share was disposed of, no one owned the share other than you, a partnership of which you were a member, or a person related to you. As a general rule, when a corporation has issued shares after June 13, 1988, either to you, to a partnership of which you are a member, or to a person related to you, a special situation exists. We consider that, immediately before the shares were issued, they were owned by an unrelated person. As a result, to meet the holding-period requirement, the shares cannot have been owned by any person other than you, a partnership of which you are a member, or a person related to you for a 24-month period that begins after the shares were issued and that ends when you sold them.
However, this rule does not apply to shares issued:
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Small business corporation - is a Canadian-controlled private corporation in which all or most (90% or more) of the fair market value of its assets:
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