Which statement is NOT part of QSBC criteria?

• A. The shares must not have been owned by anyone other than the taxpayer or a related person during the 24 months before disposal
• B. The corporation must be a small business corporation
• C. The shares must have been owned by someone other than the taxpayer or a related person during the 24 months before disposal
• D. More than 50% of the fair value of the assets must have been used primarily in an active business carried on in Canada

Answer: (C)