Activities of Multinational Enterprises in Canada

Foreign majority-owned affiliate status of enterprise, status

Foreign Majority-owned affiliate status refers to whether or not an affiliate is owned over 50% by a non-resident business entity.

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.