Tag Archives | Ontario Limited Partnership

Unlocking Tax Efficiency: Understanding Taxation in Ontario Limited Partnerships

Taxation is a pivotal aspect of any business structure, and when it comes to Ontario Limited Partnerships (LPs), it’s no different. One of the standout features of LPs in Canada is their tax efficiency. These partnerships are designed to be pass-through entities for tax purposes, creating a streamlined and often advantageous tax environment for partners. In this […]

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Why Ontario Canada Is Your Next Destination for Business Success

Ontario, Canada has become the destination of choice for many successful companies because it has proven to be an ideal location to invest, grow and flourish. Companies do business here because the combination of talent, cost-efficiencies and an environment of innovation propel significant growth and creates remarkable results. We make it easy to do business […]

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Ontario LP Registration For Non-Residents

Ontario Limited Partnerships 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. An Ontario Limited Partnership is formed through filing Declaration – Form 3 declaration of Ontario Limited Partnership with the Ontario […]

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Residency Requirements of Ontario Limited Partnerships

An Ontario Limited partnership consists of two or more legal entities pooling their resources to operate a shared business. The “legal entities” that form the partnership may be individuals, corporations, trusts or partnerships. The resources each partner contributes to the new business partnership don’t have to be in the form of money. A partner’s contribution […]

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6 Essential Facts on Ontario Limited Partnerships

An Ontario Limited Partnership is formed through filing Declaration – Form 3 declaration of Ontario Limited Partnership with the Ontario Ministry of Government and Consumer Services and, the following is an outline of the information to be disclosed: Name and address of the LP; Name and address of General Partner and General Partner’s signature; Statement […]

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Tax Treatment of Ontario Limited Partnerships

Ontario Limited Partnerships are considered a disregarded or ‘flow-through’ entity for Canadian tax purposes meaning that all profits/losses pass directly through and are attributed to the partners directly. Where the Limited Partnership is engaged in a trade or business outside of Canada, and the partners are non-Canadian residents, at the LP level, there will be […]

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