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Exemptions

Certain financial corporations are exempt from the Corporation Capital Tax (CCT), including:

corporations, other than Crown corporations designated by Regulation, that are exempt from federal income tax under Subsection 149(1) or Section 149.1 of the Income Tax Act (Canada)
The Central 1 Credit Union (formerly Credit Union Central of British Columbia)
The Stabilization Central Credit Union of British Columbia
bankrupt financial corporations from the date of bankruptcy



 
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