Quote:
Originally Posted by Shazam
http://www.cra-arc.gc.ca/E/pub/tp/it...tml#P104_10802
As long as your share is worth than $25K and you deal at arms length with the company (not me, then), then your share is RRSP eligible.
We'll see if Flaherty notices this. He's not the brightest bulb in the lamp.
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I think if you own 100% (as in your example above) you make all the decisions, you will NOT meet the non-arms lengths test.
IF you are even a 51% shareholder declare a dividend to yourself there is no way you are dealing at arm's length.
Edit
But you could get yourself and 10 buddies (so that none of you own more than 10%) and your plan will work.