Limited partnership (declaration filed under the Limited Partnerships Act)Canada · Ontario
What it takes to form, own and run a limited partnership in Canada · Ontario, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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a limited partner is not liable for the obligations of the limited partnership except in respect of the value of money and other property the limited partner contributes or agrees to contribute
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A limited partnership shall consist of one or more persons who are general partners and one or more persons who are limited partners.
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New filing or renewal Immediate - $210 15 business days - $210
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This income may be earned from a business you operate yourself as a sole proprietorship or with someone else as a partnership.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A limited partnership shall consist of one or more persons who are general partners and one or more persons who are limited partners.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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To file a declaration online, have the following documents and information ready:
Each year, at the registry
- Annual registry fee
- Does not apply
- Accounts on the public record
- No
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Below is a list of all services, forms, notices of filing requirements and terms & conditions.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Renew the declaration of limited partnership
- 60 months after incorporation
With Ontario Business Registry
A declaration expires five years after it is accepted for filing (LPA s.3(3)).
What is public
Not in our records What the register shows the public is not in our records for the Limited partnership (declaration filed under the Limited Partnerships Act).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
A limited partnership is not a taxpayer on its own account: partnership income is reported by the partners on their own returns (self-employment income), with federal and Ontario tax charged to each partner.
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This income may be earned from a business you operate yourself as a sole proprietorship or with someone else as a partnership.
- CFC rules in Canada
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- A declaration of dissolution cancels the declaration; no fee for dissolution, withdrawal or change.
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unless the declaration is cancelled by filing a declaration of dissolution
- Statutory fee
- Free
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Dissolution Immediate - $0 15 business days - $0
Every business in Canada · Ontario
GST
- The tax
- GST/HST (goods and services tax, harmonized with provincial tax in participating provinces)
- Standard rate
- 5%
The federal GST is 5%. HST replaces it at 13% in Ontario, 14% in Nova Scotia and 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island; Quebec charges the 5% GST plus QST of 9.975%, and other provinces charge the 5% GST plus their own retail sales tax.
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GST/HST and PST rates Province GST and HST PST Alberta 5% 0% British Columbia 5% 7% Manitoba 5% 7% New Brunswick 15% N/A Newfoundland and Labrador 15% N/A Northwest Territories 5% 0% Nova Scotia 14% N/A
- Other rates
- 0% Zero-rated supplies, such as basic groceries
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A zero-rated supply has a 0% GST/HST rate throughout all of Canada. For example, basic groceries are taxable at the rate of zero (0% GST/HST) in every province and territory.
- Registration threshold
- CAD 30,000 · about €19,013
total revenues from taxable supplies in Canada, including zero-rated supplies; a single calendar quarter or four consecutive calendar quarters
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You do not exceed the $30,000 threshold Footnote 1 over four consecutive calendar quarters.
- Voluntary registration
- Yes
A small supplier may choose to register voluntarily if it makes taxable sales, leases or other supplies in Canada.
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You may choose to register voluntarily if you make taxable sales, leases, or other supplies in Canada.
- A foreign company
- The same threshold applies; no local representative required
A non-resident carrying on business in Canada registers under the normal regime only if it makes taxable supplies in Canada and is not a small supplier, so the $30,000 threshold applies to it; a non-resident that does not carry on business in Canada may still have to register under the simplified regime. No representative is required, but a registrant without a permanent establishment must generally give the CRA a security deposit.
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Non-residents who carry on business in Canada must register for the GST/HST under the normal GST/HST regime if they make taxable supplies in Canada and are not small suppliers.
- Returns filed
- Depends on the business
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Assigned and optional reporting periods Annual taxable supplies threshold amounts Assigned reporting period Optional reporting periods $1,500,000 or less Annual Monthly, quarterly More than $1,500,000 up to $6,000,000 Quarterly Monthly More than $6,000,000 Monthly Nil
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
3 services name Canada on their own list: Paysera, Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited partnership (declaration filed under the Limited Partnerships Act)
- ISO 20275 code
- 1JGXSecondary GLEIF, Entity Legal Forms code list