Consider the asset mix, based on fair market values, of each of the following three independent cases involving Canadian$-$controlled private corporations, Rayna Ltd$.,$ the shares of which are owned by an individual, and Alex Ltd$.,$ the wholly owned subsidiary of Rayna Ltd$.$:

$\backslash$table$[[,$Rayna Ltd$.,$Alex Ltd$.],[$Case $1$:$],[\backslash$table$[[$Assets used In an active business$],[$carried on in Canada$]],70\%,25\%$