Activities of Canadian Multinational Enterprises Abroad

Affiliate ownership of enterprise, status

Affiliate ownership refers whether or not a business owns an affiliate. A foreign affiliate is a non-resident business entity which is owned by another business which is resident of Canada. This foreign ownership is characterised by the acquisitions of between 10 and 100% of the voting equity by the non-resident direct investor. Depending on the level of ownership, affiliates are classified as associates or subsidiaries or branches. The universe for this product is comprised of foreign affiliates that are majority-owned (i.e. more than 50% of the voting shares) by a business that resides in Canada.

Enterprise refers to the highest level of the Business Register statistical hierarchy. In alignment with the System of National Accounts, it is defined as an institutional unit that directs and controls the allocation of resources relating to its operations, and for which financial statements are maintained from which international transactions, an international investment position and a financial position for the unit can be derived. Enterprises can be corporations, quasi-corporations, institutions, or unincorporated businesses such as sole proprietors or partnerships. For incorporated enterprises, financial statements can be consolidated.

The data for this variable are reported using the following classifications and/or lists:

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