22 November 2012 External T.I. 2012-0441781E5 F - Prohibited Investment - Cooperative -- summary under Shareholder Before concluding that “for the purposes of the Act, a cooperative is a corporation, a share of the capital stock of a cooperative is a share and a member can be a shareholder,” CRA stated:
By services, 28 November, 2015 Indalex Ltd. v. The Queen, 86 DTC 6039, [1986] 1 CTC 219 (FCTD), aff'd 88 DTC 6053, [1988] 1 CTC 60 (FCA) -- summary under Subsection 15(1) A "shareholder" does not include an affiliate that does not hold shares in the corporation.
