1In this Act
“active business” means a business carried on in Canada, other than a specified investment business or a personal services business as defined in the federal Act; (entreprise exploitée activement)
“association” means an association as defined in the Co-operative Associations Act;(association)
“auditor” means a person appointed under subsection 31(1); (vérificateur)
“community economic development plan” means a plan submitted to the Minister by a corporation or an association as part of the application for registration under subsection 13.1(1); (plan de développement économique communautaire)
“eligible business” means a corporation registered under section 7 or a corporation or association registered under section 13.2; (entreprise admissible)
“eligible investor” means
(investisseur admissible)
(a)
an individual who is a natural person at least 19 years of age and to whom section 11 of the
New Brunswick Income Tax Act applies,
(b)
a corporation to which section 12 of the
New Brunswick Income Tax Act applies, or
(c)
a trust, other than a qualifying trust, to which section 11 or 42 of the
New Brunswick Income Tax Act applies;
“eligible share” means
(action admissible)
(a)
in the case of a corporation that is registered under section 7 or 13.2, a newly issued share of the capital stock of the corporation if the share is issued as part of a specified issue, but does not include a replacement share, and
(b)
in the case of an association that is registered under section 13.2, a newly issued share issued as part of a specified issue that is not eligible for a tax credit allowed pursuant to the federal Act or a deduction from income pursuant to that Act other than a deduction pursuant to subsection 146(5) of that Act and that, if the share was the only share owned by the member, would entitle a member to vote in the affairs of the association, but does not include a replacement share;
“federal Act” means the Income Tax Act (Canada); (Loi fédérale)
“individual” Repealed: 2014, c.20, s.1
“inspector” means a person appointed under subsection 31(2); (inspecteur)
“Minister” means the Minister of Finance, and includes any person designated by the Minister to act on the Minister’s behalf; (Ministre)
“qualifying trust” means a qualifying trust as defined in section 127.4 of the federal Act; (fiducie admissible)
“replacement share” means
(action de remplacement)
(a)
a share issued as part of a specified issue where the purchaser has, at any time after December 10, 2002, disposed of a share of any class of shares of a corporation that is registered under section 7, or
(b)
a share issued as part of a specified issue where the purchaser has, at any time after February 4, 2014, disposed of a share of any class of shares of a corporation or association that is registered under section 13.2;
“specified issue” means an issue of shares by a corporation registered under section 7 or a corporation or association registered under section 13.2.(émission déterminée)
2007, c.49, s.1; 2014, c.20, s.1; 2014, c.45, s.1