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 no Canadian income tax and no corporate tax return is required to be filed. However, the partners may, however, be subject to taxation and reporting obligations in their own jurisdiction, based on their share of the Partnership income/profits.

Ecompanies Canada offers fast and easy Ontario limited Partnership registration for non-Canadian residents for only $2200. An Ontario Limited Partnership is a simple form of business in Ontario, which creates a Canadian company. This form of business registration is extremely popular among foreign investors and global entrepreneurs because limited partnerships do not generate filing and tax obligations in Canada for partners, who are not residents of Canada.

Advantages of Ontario Limited Partnerships

  • A highly prestigious Canadian company
  • Ontario Limited Partnerships have no restrictions on the residency of partners
  • Ontario Limited Partnerships offers the possibility of a one-person limited partnership when one person is at the same time sole general and limited partner
  • Ontario limited partnerships don’t require a minimum authorized capital. Partners can make any contribution to the limited partnership
  • No withholding tax on profit received by partners outside of Canada
  • Ontario limited partnerships are not required to file corporate tax returns
  • No corporate income tax.

Fast & Easy Ontario Limited Partnership Registration Service

Ecompanies Canada offers a fast & easy Ontario limited partnership registration service for only $2200. At Ecompanies Canada we help you step-by-step and take care of the entire business registration process from start to finish. Registering a new limited partnership in Ontario with us is fast, easy and takes just minutes.

Our Ontario Limited Partnership Registration service includes:

  • Name Search Report confirming the availability and uniqueness of the name.
  • Government Registration Fees.
  • Registered Office Address for 1 Year
  • Declaration Form 3 confirming registration of the Limited Partnership.
  • Organizational Resolutions of the General Partners.
  • Resolution Admitting of Limited Partner.
  • Partnership Agreement.
  • Register of General Partners.
  • Register of Limited Partners.
  • Courier Delivery.

Register today your new Ontario Limited Partnership. Fast, Easy, Online for Only $2200. (All inclusive).

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