Words and Phrases - "de facto director"

a
88
b
44
c
81
d
55
e
38
f
31
g
20
h
15
i
75
j
2
k
2
l
32
m
57
n
25
o
38
p
81
q
3
r
77
s
91
t
47
u
16
v
10
w
23
y
2

15 May 2000 Income Tax Severed Letter 2000-0008210 F - ADMINISTRATEUR DE FACTO

Summary Under
Tax Topics - Income Tax Act - Section 227.1 - Subsection 227.1(1)
individual can be a de facto director who acts as such with the shareholders’ agreement or takes significant actions with 3rd parties in the corporation’s name

Regarding when an individual might be a de facto director for s. 227.1 purposes, the Agency stated:

[W]e can attempt to define a de facto director...

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Words and Phrases
de facto director