Limited Partnership Registration in Ontario. Ontario LP. 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.
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 which 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
Company Formations offers Canada Limited Partnership Registration to Canadian residents and non Canadian residents. Our Canada Limited Partnership registration service for Only $2200 (all inclusive) Includes:
Name Search confirming uniqueness of the name
Government registration fee
Registered office address for one 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
