Plain meaning
A private corporation with Canadian control that can qualify for certain tax treatment under the Income Tax Act.
Also called
Canadian controlled private corporation
Key points
- A CCPC is generally a private corporation resident in Canada that is not controlled by non-residents or public corporations.
- CCPC status can affect eligibility for the small business deduction and enhanced SR&ED credits.
- Associated-corporation rules may require related corporations to share certain limits.
- Changes in ownership, residency, or public listing status can affect whether a corporation remains a CCPC.
Why it comes up
CCPC status is central to small-business tax rates, refundable credits, investment income rules, and owner-manager planning.