For each of the following corporations, determine and explain the type of residency, for tax purposes for 2012.
(a) ABI, incorporated in Montreal, Quebec, in 1980, carries on a clothing manufacturing business in Hong Kong. All directors' meetings and staff meetings are held in Hawaii, United States, each year.
(b) Nickel Company, incorporated in the Bahamas in 1966, operates a mining business in Northern Ontario. All profits are paid out as dividends directly into a Swiss bank account. All books and records are maintained in the president's office in Ontario. The company directors all live in Toronto and meet monthly for their directors' meeting.
(c) Saffron Ltd. is a 40% subsidiary of a Canadian corporation located in Houston, Texas. The products manufactured by Saffron are sold directly to the Canadian market. No revenues are earned from U.S. sales.