Which of the Following Is a Requirement for a Business

question 2

Multiple Choice

Which of the following is a requirement for a business to qualify as a 'qualified small business corporation'?

• A) More than fifty percent of the fair market value of the assets of the business must have been used for active business in the past 36 months.
• B) The shares must not have been owned by another non-related individual in the past 24 months.
• C) The corporation must be a CCPC that uses at least 50% of the fair market value its assets for active business purposes in Canada at the time the shares are sold.
• D) The shares must not have been owned by another related individual in the past 24 months.

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