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Ms. A owns 95 percent of the shares of A Ltd. and 5 percent of the shares of B Inc. A Ltd. owns 30 percent

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Ms. A owns 95 percent of the shares of A Ltd. and 5 percent of the shares of B Inc. A Ltd. owns 30 percent of the shares of B Inc. Ms. A's 10 year old child owns 45 percent of the shares of B Inc. There are no other shareholders who hold shares in both Companies. Required: Show complete calculations in your Problem tab and make links to the Answer sheet. Clearly indicate your answers on the Answer sheet for the following: (1) Are A Ltd. and B Inc. associated? (Yes or No) (2) Show Ms. A's total (direct 8L indirect) ownership calculation in each corporation: Ms. A's ownership in A Ltd; Ms. A's Ownership in B Inc:. (3) Identi thea ro riate reference ITA rovisions if associated

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