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Exclusions Under Paragraph (a) Of Definition Of “relevant Corporation”

In This Volume

  • 2 The following are not relevant corporations:
  • (a) a corporation that, under an Act of Canada or a province, is an agent of Canada or a province;
  • (b) a corporation of which Canada or a province directly owns more than 50% of the issued voting shares;
  • (c) a corporation controlled by the government of Canada or a province and, for this purpose, a corporation is controlled by the government if a majority of the corporation’s members, board of directors or board of management consists of either or both of the following:
    • (i) persons appointed as members by
      • (A) an executive legislative body of the government,
      • (B) a minister of the government, or
      • (C) an Act of Canada or a province;
    • (ii) public officers acting as public officers;
  • (d) a corporation incorporated, continued or amalgamated by an Act of Canada or a province;
  • (e) a wholly owned subsidiary, within the meaning of the Business Corporations Act, of a corporation referred to in paragraph (d).

2019-23-Sch. 1; am. 2019-23-97,98, effective November 30, 2020 (B.C. Reg. 251/2020).