Which of the Following Accurately Describes a Requirement for a Business

question 11

Multiple Choice

Which of the following accurately describes a requirement for a business to qualify as a qualified small business corporation (QSBC) ?

• A)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.
• B)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.
• C)The corporation must hire less than 5 full-time employees.
• D)The shares must not have been owned by another non-related individual in the past 24 months.

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Definitions:

Autism Spectrum Disorder

A condition marked by challenges with social skills, communication, and characterized by limited or repetitive thought and behavior patterns.

Hearing Impairment

A partial or total inability to hear sounds in one or both ears.

Corpus Callosum

A thick band of nerve fibers that divides the cerebrum into left and right hemispheres, facilitating communication between the two sides of the brain.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social skills, repetitive behaviors, and communication, with symptoms and severities that vary widely among individuals.