Corporate Income Tax Course

SHOW WORK PREFERABLY ON EXCEL, if not that's okay too

B Co Inc., C Co Inc., and A Co Inc., are three Canadian controlled private corporations. The common share ownership is as follows: A Co Inc. - John A owns 100 percent of the common shares of this Company. B Co Inc. John A owns 20 percent of the common shares and his spouse, Wilma A, owns 10 percent of the common shares. Basil Cowns 35 percent of the common shares and his spouse, Holly C, owns 25 percent of the common shares. Holly C is John A's sister. Co C Inc. Basil Cand Holly C each own 25 percent of the common shares of this Company. John A owns 20 percent of the common shares of this Company and the remain REQUIRED Indicate which of the Companies described are associated and indicate which section the association is attributable to. Explain your conclusions