Ok, in seriousness. Yes that is how these items were distributed.
The World Wide Gum Co. and Goudey were the "same" company just like Topps and O-Pee-Chee were later, thus the reason they made the same or similar sets like 1933-34 Goudey, also see the Sea Raider cards that have both a Boston and Montreal location on back.
You can think it is all silly but they were issued exactly like you just stated in Canada using (likely left over) stock from Goudey and trimmed and distributed that way. Again, it makes it a different issue but admittedly one that wouldnt be to everyone's fancy as one could make their normal R303 a Canadian versions with a paper cutter. Weird? Yes. Magical? No.
I know I have handled probably 40-50 of them over the years that have ALL come from Canada and they all have the top and bottom borders trimmed from the R303's to make them roughly the size of the regular V351's that they would also produce (likely later when they had added a few Canadian players and produced a smaller physical size card).
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