Canada Business Corporations Regulations, 2001

34 For the purpose of paragraph 21.1(7)(c) of the Act, the following classes of corporations are prescribed:

• (a) wholly-owned subsidiary corporations of either a corporation or a body corporate

  • (i) that is a reporting issuer or an émetteur assujetti under an Act of the legislature of a province relating to the regulation of securities, or

  • (ii) any of the securities of which are listed and posted for trading on a designated stock exchange, as defined in subsection 248(1) of the Income Tax Act;

• (b) federal Crown corporations;

• (c) provincial Crown corporations;

• (d) corporations whose shareholders consist solely of either

  • (i) His Majesty in right of more than one province, or

  • (ii) His Majesty in right of Canada and His Majesty in right of one or more provinces; and

• (e) wholly-owned subsidiary corporations of a corporation described in paragraph (b), (c) or (d).