Please on this question explain step by step please:

For each of the following two corporations, determine the residency status for the taxation year ending December 31, 2020, and indicate the basis of your conclusion.

A. PE Smith Inc. was incorporated as an Ontario corporation in 2011. However, since 2014, all of the Company's business has been carried on outside of Canada.

B. Lu Enterprises Inc. was incorporated in Texas in 1964. Until 2015, all of the company's directors were residents of Dallas, Texas, with all meetings held in that city. However, in 2015, all of the directors moved to Calgary, Alberta, with all subsequent meetings held in that city.