Can a corporation without share capital be a CCPC?

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1250238

2026-03-16 04:10

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No, a corporation without share capital cannot qualify as a Canadian Controlled Private Corporation (CCPC). A CCPC is defined as a private corporation that is not listed on a stock exchange, is controlled by Canadian residents, and has issued shares. Since a corporation without share capital does not have shares, it cannot meet the criteria necessary to be classified as a CCPC.

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