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tracy86
May 18, 2008, 01:34 PM
Alan just immigrated to Canada and owns STARS ltd (US company). Alan owned 100% of shares to STARS ltd. STARS ltd. was incorporated in the US in 2004. Alan wanted to know if he should use STARS ltd or a new company to carry on his business in Canada?

He's also not sure whether this US company would be a Canadian controlled private corporation?

In addition to that, what are some tax advantages of being CCPC other than the $750k tax free gain?