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  • Condition 1 - Is the CFC a resident of a foreign country?

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The CFC must be a resident of a particular country throughout the statutory accounting period. A change of residence of the CFC does not mean that the CFC will fail the active income test. However, it must have been a resident of a particular country both before and after the change.

    Last modified: 05 Dec 2006QC 17522