Respecting a requested as to whether a corporation, to be a corporation referred to in subparagraph (a)(iv) of the definition of qualified farm or fishing property under s. 110.6(1) for the purposes of s. 110.6(1.3)(a)(ii)(B) must satisfy the para. (b) test throughout a period of at least 24 months, CRA stated:
[T]he test set out in paragraph (b) of the definition of share of the capital stock of a family farm or farming corporation in subsection 110.6(1) does not have to be respected by the corporation throughout a period of at least 24 months. Indeed… this test only needs to be complied with by the corporation at the end of the 24 month period referred to in clause 110.6(1.3)(a)(ii)(B).