Canadian controlled private corporation

A Canadian controlled private corporation or CCPC is an incorporated small business which may qualify for lower tax rates on active business income. In order to qualify as a CCPC it must not be controlled, directly or indirectly in any manner whatever, by public corporations, non-residents or a combination of the two.

A CCPC provides access to the small business deduction.

There is a tax benefit, as part of the lifetime capital gains exemption (LCGE), that may be available to the shareholders when the shares of a qualified CCPC are sold.