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Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba. The company has the largest undeveloped base in the Western Canadian Sedimentary Basin. It is the largest independent producer of natural gas in Western Canada and the largest producer of heavy crude oil in Canada. The company was founded on November 7, 1973, as AEX Minerals Corporation and adopted the present name in 1975. Given this information and doing your own research on this company:
a) Would the residency status of CNRL be Canada - why or why not? (Explain in detail.)
b) Would this company be required to file a corporate tax return - why or why not?( Explain in detail.)
c) Would they have to file both a provincial and federal tax return - why or why not? (Explain in detail.)
d) What is the name of the corporate tax return they would need to file?
e) What is their fiscal year end (month) and by what date would they need to file their corporate tax return in order to avoid any penalties? (Explain).
a) Would the residency status of CNRL be Canada - why or why not? (Explain in detail.)
b) Would this company be required to file a corporate tax return - why or why not?( Explain in detail.)
c) Would they have to file both a provincial and federal tax return - why or why not? (Explain in detail.)
d) What is the name of the corporate tax return they would need to file?
e) What is their fiscal year end (month) and by what date would they need to file their corporate tax return in order to avoid any penalties? (Explain).
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