CCPC

Also written as canadian-controlled private corporation.

Definition

Canadian-Controlled Private Corporation. A private corporation resident in Canada not controlled by non-residents or public companies. Unlocks the Small Business Deduction.

Long reference

Handbook

CCPC Status

Citations, procedures, and worked examples for ccpc.

Related terms

Small Business Deduction

Reduced federal corporate tax rate on the first $500,000 of active business income earned by a CCPC. Combined with provincial rates of roughly 9-13%.

T2 return

The federal corporate income tax return. Every incorporated Canadian corporation files annually, even when inactive.

All terms More in Corporate tax