Keeping Canadian start-ups Canadian
There are many Canadian tax benefits associated with starting a business in a corporation created under Canadian federal or provincial law, which is a necessary (but not sufficient) condition for a corporation to qualify as a “Canadian-controlled private corporation” (CCPC): CCPC status is one of the requirements for a corporation’s shares to constitute “qualified small business corporation shares”, which Canadian-resident individuals may claim the lifetime capital gains exemption (LCGE) of…

