70CPart 8 associates of companies

70C Part 8 associates of companies

For the purposes of this Part, each of the following is a Part 8 associate of a company (the primary entity), whether or not the primary entity is in the capacity of trustee: (a) a partner of the primary entity or a partnership in which the primary entity is a partner; (b) if a partner of the primary entity is an individual—the spouse or a child of that individual; (c) a trustee of a trust (in the capacity of trustee of that trust), where the primary entity controls the trust; (d) another entity (in this paragraph called the controlling entity) where the primary entity is sufficiently influenced by, or a majority voting interest in the primary entity is held by: (i) the controlling entity; or (ii) another entity that is a Part 8 associate of the controlling entity because of section 70B or 70D, another paragraph of this section or another application of this paragraph; or (iii) 2 or more entities covered by the preceding subparagraphs; (e) another company (in this paragraph called the controlled company) where the controlled company is sufficiently influenced by, or where a majority voting interest in the controlled company is held by: (i) the primary entity; or (ii) another entity that is a Part 8 associate of the primary entity because of another paragraph of this section or because of another application of this paragraph; or (iii) 2 or more entities covered by the preceding subparagraphs; (f) if a third entity is a Part 8 associate of the primary entity because of paragraph (d) of this subsection—an entity that is a Part 8 associate of that third entity because of section 70B or 70D or because of another paragraph of this section.