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X Ltd. was incorporated in Germany on March 31 st .1960. X is 100% owned by Y which is incorporated in Canada. All management decisions
- X Ltd. was incorporated in Germany on March 31st.1960. X is 100% owned by Y which is incorporated in Canada. All management decisions for X is made by the Board of Directors most of whom reside in Canada. However, all the board meetings are held in Germany where all decisions relating to Xs operations are made.
In Canada is X:-
- Full time resident
- Deemed resident
- Non-resident
- None of the above
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