GST/HST Notice No. 303 - Changes to the Closely-related Test

Policy Tabs

Summaries

Summary Under

exception for special voting matters provided by statute, or where a statute provides a special class vote

Exception for special voting matters provided by statute, or where a statute provides a special class vote

Thus, in order for a person (or group...

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Summary Under

examples of CBCA exceptions

The revised ETA closely-related person test requires that 90% or more of shareholder votes in respect of all corporate matters must be held and...

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Summary Under

example of substantially all test not satisfied

Example

Corporation A and Corporation B have an election under section 150 in place on March 22, 2016. Corporation A owns 90% of the value and...

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