Jupitor Inc

question 30

True/False

Jupitor Inc. is a non-public corporation owned by two Saskatchewan residents; Jupitor would be considered a Canadian Controlled Private Corporation for taxation purposes.

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Definitions:

Real Property

Land and anything permanently attached to it, such as buildings and other structures, which have legal rights associated with ownership.

Chattel

Personal property that is movable, as opposed to real property or real estate.

Profit a Prendre

A right to take something (such as minerals, game, or timber) from another's land.

Easement

A right to cross or otherwise use someone else's land for a specified purpose.