Formation of limited partnership in Ontario

A limited partnership is formed in Ontario when a declaration is accepted for filing with the Ontario Registries Office in accordance with the Ontario Limited partnership Act and any applicable regulations and Registrar’s requirements. Benefits of Ontario Limited Partnerships An LP is not considered a separate taxable entity under the Income Tax Act (Canada). Therefore, […]

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How is an Ontario Limited partnership Formed

An Ontario limited partnership is formed when a declaration is filed with the Ontario Registries Office in accordance with the Ontario Limited Partnership Act. Benefits of Ontario Limited Partnerships An LP is not considered a separate taxable entity under the Income Tax Act (Canada). Therefore, it is not required to pay income taxes or file […]

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