Income Tax Regulations — 4901
respect of a specified cooperative corporation and a governing plan, means a share of the capital or capital stock of the corporation where (a) ownership of the share or a share identical to the share is not a condition of membership in the corporation, or (b) a connected person under the governing plan (i) has not received a payment from the corporation pursuant to an allocation in proportion to patronage in respect of consumer goods or services, and (ii) can reasonably be expected not to receive a payment, after the acquisition of the share by the plan trust, from the corporation pursuant to an allocation in proportion to patronage in respect of consumer goods or services; ( part admissible ) revoked plan has the meaning assigned by section 204 of the Act; ( régime dont l’agrément est retiré ) small business investment limited partnership has the meaning assigned by subsection 5102(1); ( société de personnes en commandite de placement dans des petites entreprises ) small business investment trust has the meaning assigned by subsection 5103(1); ( fiducie de placement dans des petites entreprises ) small business security has the meaning assigned by subsection 5100(2); ( titre de petite entreprise ) specified cooperative corporation means (a) a cooperative corporation within the meaning assigned by subsection 136(2) of the Act, or (b) a corporation that would be a cooperative corporation within the meaning assigned by subsection 136(2) of the Act if the purpose described in that subsection were the purpose of providing employment to the corporation’s members or customers; ( coopérative déterminée ) specified small business corporation , at any time, means a corporation (other than a cooperative corporation) that would, at that time or at the end of the last taxation year of the corporation that ended before that time, be a small business corporation if the expression “Canadian-controlled private corporation” in the definition small business corporation in subsection 248(1) of the Act were read as “Canadian corporation (other than a corporation controlled at that time, directly or indirectly in any manner whatever, by one or more non-resident persons)”. ( société déterminée exploitant une petite entreprise ) (2.1) For the purposes of the definition connected shareholder in subsection (2) and of subsection (2.2), each share of the capital of a specified cooperative corporation and all other shares of the capital of the corporation that have attributes identical to the attributes of that share shall be deemed to be shares of a class of the capital stock of the corporation. (2.2) For the purpose of this Part, a person is deemed to be a connected shareholder of a corporation at any time where the person would be a connected shareholder of the corporation at that time if, at that time, (a) the person had each right that the person would be deemed to own at that time for the purposes of the definition specified shareholder in subsection 248(1) of the Act if that right were a share of the capital stock of a corporation; (b) the person owned each share of a class of the capital stock of a corporation that the person had a right at that time under a contract, in equity or otherwise, either immediately or in the future and either absolutely or contingently, to acquire; and (c) the cost amount to the person of a share referred to in paragraph (b) were the cost amount to the person of the right to which the share relates. (2.3) For the purpose of this Part, a person is deemed to be a designated shareholder of a corporation at any time if the person would be a designated shareholder of the corporation at that time if, at that time, paragraphs (2.2)(a) to (c) applied in respect of that person. (3) [Repealed, SOR/2005-264, s. 7] [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] SOR/81-725, s. 4; SOR/86-390, s. 3; SOR/86-1092, s. 13(E); SOR/90-606, s. 1; SOR/94-471, s. 2; SOR/