When selling a business, it is important to know if the corporation that owns the "for sale" business qualifies as a small business corporation. If so, the shareholder(s) may qualify for all or some of the $913,630 (2022) capital gains exemption if the shares are solid. This problem examines this qualification. The following four situations, A through D, are independent. Additional information: - In each of the above situations, the land, bullding, and equipment are used by the owner in an active business carried on in Canada, with the exception of D, In the case of D, the land and bullding are leased to Spousecorp, a CCPC, and are used by Spousecorp in its active business, which it carries on in Canada. D is owned by the spouse of the sole shareholder of Spousecorp. - X Lid. is a public company. - Y Ltd is a small business corporation, owned 50% by each of A and C. Required: Determine which of the above CCPCs are small business corperations. Additional information: - In each of the above situations, the land, building, and equipment are used by the owner in an active business carried on in Canada, with the exception of D. In the case of D, the land and building are leased to Spousecorp, a CCPC, and are used by Spousecorp in its active business, which it carries on in Canada. D is owned by the spouse of the sole shareholder of Spousecorp. - X Ltd. is a public company. - Y Ltd. is a small business corporation, owned 50% by each of A and C. Required: Determine which of the above CCPCs are small business corporations