Canada
Limited Partnership in Ontario

Canadian Provinces, Residency Requirements
British Columbia
New Brunswick
Nova Scotia
Ontario

Full Tax-Exempt Canadian Entity

Canada is a country with a comparatively strict system of taxation. Ordinary Canadian companies are liable to tax on all their worldwide income. Accordingly, they have no features attributable to tax-exempt or offshore structures.

As such, Canada has an image in the eyes of entrepreneurs and government bodies as a country with a standard system of taxation. Due to this, any structure established on Canadian territory is considered a highly prestigious vehicle.

However, Canadian legislation does offer the opportunity of registering and using Canadian enterprises with a zero rate of tax. These are known as Limited Partnerships. The L.P. is a limited partnership that has no less than two partners. One of the partners is a General Partner, whilst the other partners have the status of Limited Partners.

A Canadian L.P. with foreign members, which does not carry on a business in Canada and derives no income on Canadian territory, is not liable to tax in Canada. According to the Canadian tax laws, the L.P. is not considered as the separate subject of taxation. It is the founders (“Partners”) who should pay taxes from the profits received by the L.P. company in the place of their residence, in proportions according to the shares of interests belonging to them in the L.P. company, if it is stipulated by the legislation of that particular country.

Ontario LP Registration
For Non-Residents

TBA offers registration of Limited Partnerships in Ontario, Canada for non-Canadian residents.

Limited Partnership is a simple form of business registration in Canada, which creates a Canadian company and does not generate filing and tax obligations in Canada for partners, who are not residents of Canada.

This form of business registration is extremely popular among software developers, web programmers, computer support specialists and IT service providers, who offer services to customers in Canada, the US and Europe.