AI-assisted research summary: This regulation defines “Act,” explains when a corporation is controlled by a person, sets out when certain people and corporations are deemed not to be related persons, and says it is deemed to have come into force on January 1, 2013.
Farmland School Tax Rebate Related Persons Regulation, M.R. 212/2013 The Property Tax and Insulation Assistance Act , C.C.S.M. c. P143 Regulation 212/2013 Registered December 20, 2013 bilingual version (HTML) Definitions and interpretation 1(1) In this regulation, "Act" means The Property Tax and Insulation Assistance Act . 1(2) For the purpose of this regulation, a corporation is controlled by a person if securities of the corporation to which are attached more than 50% of the votes are held, other than by way of security only, by or for the benefit of the person. Persons who are deemed not to be related persons 2 For the purpose of section 16.2 of the Act, (a) individuals who are connected by blood relationship, marriage or common-law partnership or adoption, within the meaning of paragraph 251(2)⁠(a) of the Income Tax Act (Canada), are deemed not to be "related persons", or persons related to each other, unless they are married to each another or are common-law partners of each other; (b) a corporation and another person are deemed not to be "related persons", or persons related to each other, unless (i) the other person is an individual who, on his or her own, directly or indirectly controls the corporation, or (ii) the other person is married to, or is the common-law partner of, the controlling individual referred to in subclause (i); (c) a corporation and a related group described in subparagraph 251(2)⁠(b)⁠(ii) of the Income Tax Act (Canada) are deemed not to be "related persons", or persons related to each other, unless the related group (i) consists solely of two individuals who are married to each other or are common-law partners of each other, and (ii) directly or indirectly controls the corporation; (d) two corporations are deemed not to be "related persons", or persons related to each other, (i) unless the corporations are directly or indirectly controlled (A) by the same individual, or (B) by the same related group consisting solely of two individuals who are married to each another or are common-law partners of each other, (ii) unless one of the corporations is directly or indirectly controlled by a sole individual and the other is directly or indirectly controlled (A) by an individual who is the spouse or common-law partner of the individual who directly or indirectly controls the first corporation, or (B) by a group consisting solely of the individual who directly or indirectly controls the first corporation and his or her spouse or common-law partner, (iii) unless one of the corporations directly or indirectly controls the other, or (iv) unless, because of the operation of any or all of subclauses (i) to (iii), the two corporations are related to the same corporation. Coming into force 3 This regulation is deemed to have come into force on January 1, 2013.