Specifically to your question about the Income Tax Act definition, it probably doesn't work well enough in this instance. In the credit union system we have a large number of players with very small shareholder interests, so therefore the concept of associated corporations and related corporations in the Income Tax Act wouldn't be broad enough to cover what would be intended here for privacy purposes. We're interested in having a conversation about how that could be defined appropriately.
On January 30th, 2007. See this statement in context.