For this purpose, control includes direct or indirect ownership of
(a)in the case of a corporation, shares of the capital stock of a corporation that
(i)give their holders more than 50% of the votes that could be cast at the annual meeting of the shareholders of the corporation, and
(ii)have a fair market value of more than 50% of the fair market value of all the issued and outstanding shares of the capital stock of the corporation;
(b)in the case of a partnership, an interest as a member of the partnership that entitles the member to more than 50% of
(i)the income or loss of the partnership, or
(ii)the assets (net of liabilities) of the partnership if it were to cease to exist; and
(c)in the case of a trust, an interest as a beneficiary under the trust with a fair market value that is greater than 50% of the fair market value of all interests as a beneficiary under the trust. (entité liée)
reportable accountmeans an account that
(a)is held by
(i)one or more reportable persons, or
(ii)by a passive NFE, if one or more controlling persons of the passive NFE is a reportable person; and
(b)has been identified as meeting the conditions in paragraph (a) in accordance with the due diligence procedures described in sections 272 to 277. (compte déclarable)
reportable jurisdictionmeans a jurisdiction other than Canada and the United States of America. (juridiction soumise à déclaration)
reportable jurisdiction personmeans a natural person or entity that is resident in a reportable jurisdiction under the tax laws of that jurisdiction, or an estate of an individual who was a resident of a reportable jurisdiction under the tax laws of that jurisdiction immediately before death