without immediate corporate tax, provided certain ownership and control conditions are met under Canadian tax law.

Singapore

The parent subsidiary company relationship is defined by Part 1, Section 5, Subsection 1 of the Companies Act, which states:

5.--(1) For the purposes of this Act, a corporation shall, subject to subsection (3), be deemed to be a subsidiary of another corporation, if --
:(a) that other corporation --
::(i) controls the composition of the board of directors of the first-mentioned corporation; or
:::[Act 36 of 2014 wef 01/07/2015]
::(ii) controls more than half of the voting power of the first-mentioned corporation; or
::(iii) [Deleted by Act 36 of 2014 wef 01/07/2015]
:(b) the first-mentioned corporation is a subsidiary of any corporation which is that other corporation's subsidiary

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