Defined term
CCPC
Also: Canadian-controlled private corporation
Canadian-controlled private corporation, a status that affects SR&ED credit refundability and rates.
A Canadian-controlled private corporation (CCPC) is a private corporation that is controlled by Canadian residents under Income Tax Act rules. CCPC status often determines access to enhanced and refundable SR&ED investment tax credit treatment, subject to taxable income and taxable capital phase-outs. Confirm current definitions and thresholds with CRA guidance before modeling cash benefit.
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Educational definition only. Not tax or legal advice. Confirm current program rules with official guidance and a qualified adviser.