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  • Shareholders and associates

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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 shareholder or associate need not be a shareholder or associate at the time the transaction occurred, as long as a reasonable person would conclude that the transaction occurred because the person was a shareholder or associate at some time.

    The associates of a natural person include:

    • a relative of the person
    • a partner of the person
    • a partnership in which the person is a partner
    • a spouse
    • a child of a partner of the person
    • a trustee of a trust where the person-or another entity that is an associate of the person-benefits under the trust and
    • companies that are controlled or influenced by the person.
    Last modified: 05 Dec 2006QC 16138