Jan 8, 2018 – Qualified small business corporation shares. … used mainly in an active business carried on primarily in Canada by the Canadian-controlled private corporation, or by a related corporation; certain shares or debts of connected corporations; or. a combination of these two types of assets; and.

Jan 5, 2017 – Definition: The Business Limit relates to income tax deductions available to Canadian corporations when filing Canadian corporate tax with the Canada Revenue Agency (CRA). … For such corporations, the Small Business Deduction rate for 2017 is 17.5%, giving a small business tax rate of 10.5%.

Small business corporationdefinition. This is a Canadian-controlled private corporation in which all or most (90% or more) of the fair market value of its assets: are used mainly in an active business carried on primarily in Canada by the corporation or by a related corporation;; are shares or debts of connected corporations …

Qualified small business corporationdefinition. A small business corporation is a Canadian-controlled private corporation in which all or most (90%) of the fair market value of its assets are: used mainly in an active business carried on primarily in Canada by the corporation or by a related corporation;; shares or debts of …

Shares of a qualified small business corporation (QSBC) continue to qualify for the capital gains deduction. To qualify as a QSBC, a company must be a Canadian– controlled private corporation and at least 90% of its assets must be used in an active business in Canada. There are additional conditions that must be met for …