Marginal note:Short title

1. This Act may be cited as the Corporations Returns Act.

Marginal note:Definitions

• 2. (1) In this Act,

  “common-law partner”

  « conjoint de fait »

  “common-law partner”, in relation to an individual, means a person who is cohabiting with the individual in a conjugal relationship, having so cohabited for a period of at least one year;

  “common-law partnership”

  « union de fait »

  “common-law partnership” means the relationship between two persons who are common-law partners of each other;

  “Minister”

  « ministre »

  “Minister” means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act;

  “prescribed”

  Version anglaise seulement

  “prescribed” means prescribed by regulation;

  “related group”

  « groupe lié »

  “related group” means a group of individuals each member of which is connected to at least one other member of the group by blood relationship, marriage, common-law partnership or adoption;

  “reporting period”

  « période de rapport »

  “reporting period”, in relation to a corporation, means a fiscal period of the corporation within the meaning of the Income Tax Act.

  “union”

  “union” or “labour union”[Repealed, 1998, c. 26, s. 64]

• Marginal note:Residence

  (2) A reference in this Act to a person resident in Canada includes a person who was at the relevant time ordinarily resident in Canada and, in determining the residence of a person for the purposes of this Act, the provisions of the Income Tax Act applicable to any determination of the residence of a person for the purposes of that Act are applicable with such modifications as the circumstances require.

• Marginal note:Persons related by blood, marriage or adoption

  (3) For the purposes of this Act,

  • (a) individuals are connected by blood relationship if one is the child or other descendant of the other or one is the brother or sister of the other;

  • (b) individuals are connected by marriage if one is married to the other or to a person who is connected by blood relationship or adoption to the other;

  • (b.1) individuals are connected by common-law partnership if one is in a common-law partnership with the other or with a person who is connected by blood relationship or adoption to the other; and

  • (c) individuals are connected by adoption if one has been adopted, either legally or in fact, as the child of the other or as the child of an individual who is connected by blood relationship, otherwise than as brother or sister, to the other.

• Marginal note:Holding, subsidiary and controlled corporations

  (4) For the purposes of this Act,

  • (a) a corporation is the holding corporation of another corporation if that other corporation is its subsidiary;

  • (b) a corporation is a subsidiary of another corporation if it is controlled by that other corporation; and

  • (c) a corporation is controlled by a person if voting securities of the corporation to which are attached more than fifty per cent of the votes that may be cast to elect directors are held, directly or indirectly, other than by way of security only, by or for the benefit of that person.