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.
Correct Answer:
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