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What is Recognized as a Partnership for Purposes of the Income Tax Act?

By on February 28, 2019 in Canada Limited Partnerships, Canada LP

Although the term “domestic partnership” is sometimes used in a tax planning context to describe a partnership constituted under the laws of a Canadian province and the term “foreign partnership” is used to refer to a partnership governed by foreign law, these terms have little relevance for Canadian income tax purposes. The Act does not […]

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