Specified Shareholder

by Tax Guy - Burlington Accountant on February 1, 2010 Print This Post Print This Post

A specified shareholder is a person who, either alone or together with persons with whom he is not dealing at arm’s length, owns 25 percent or more of the voting shares of the corporation or shares representing 25 percent or more of the FMV of all the issued and outstanding shares of the corporation.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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