(FORMING A CANADIAN LIMITED PARTNERSHIP)
Canada Company
Set up under provincial law – usually in Ontario or British Columbia – a Canadian Limited Partnership is a credible, pass-through vehicle that carries G7 standing while imposing no Canadian tax on non-resident partners who earn no Canadian-source income. Working through direct registered agent relationships, Offshore Broker handles the whole process in three to five days and can add banking or a Cook Islands or Nevis Trust, starting at $2,000.
Specialist jurisdiction
Offshore Broker · Canada Company
North America
Canada
Latitude
00.0000° N
Longitude
000.0000° W
(ABOUT THE CANADA COMPANY)
A credible, pass-through corporate vehicle for international business
Formed under provincial partnership statutes – most often those of Ontario or British Columbia – a Canadian Limited Partnership is set up by a licensed provincial registered agent. As a G7 and OECD member state, Canada is blacklisted nowhere.With no Canadian-source income and no business activity in Canada, a non-resident LP is treated as fiscally transparent: it pays no Canadian tax and usually carries no Canadian filing duty. Each partner instead reports their share of income where they are tax resident.A Canadian LP is not the jurisdiction Offshore Broker recommends first for adversarial creditor protection. If that is your main goal, compare the Cook Islands Company and Nevis Company.
Governing law
Provincial partnership law (Ontario or British Columbia)
Entity type
Limited Partnership (LP)
Minimum partners
2 — a single general partner and one limited partner
Tax status
Fiscally transparent — not a Canadian taxable person where the partner is non-resident and income is non-Canadian-sourced
Formation time
3–5 days after KYC is cleared
Treaty eligibility
As a non-resident, non-taxed entity, it cannot use Canadian tax treaties
A general overview only. For non-resident partners without Canadian-source income, a Canadian LP delivers real G7 standing and pass-through tax. Whether it suits you turns on the client, the assets, and the objectives.
(WHAT IS INCLUDED)
Full-service Canadian LP formation, handled end to end
Pick a standalone LP, an LP with banking, or the full Total Protection Package
Flat pricing that covers every provincial government registration charge and your first-year registered agent costs – nothing hidden, no unexpected bills.
Canada Limited Partnership
On Application
covers every first-year fee · 3–5 days
A standalone Canadian Limited Partnership — a credible, pass-through vehicle for international business that carries real G7 standing.
Limited Partnership Agreement and Certificate of Registration
Every provincial government registration fee
First-year registered agent and registered office
Apostilled corporate documents
LP + Banking
On Application
covers every first-year fee · 3–5 days + 4–10 weeks banking
A Canadian LP delivered together with an account at one of our partner banks — private banks, Swiss banks, offshore banks, EMI banking partners, and investment custodians.
Canada Limited Partnership — registered in full and operational
An offshore bank account at the partner institution you choose
All partnership documents
Every government fee and first-year agent cost
Trust + Company + Banking
$12,000
covers every first-year fee · Coordinated formation timeline
The full structure — a Cook Islands or Nevis Company (LLC or IBC), a Cook Islands or Nevis Trust, and a bank account — the most robust asset-protection package we offer, built on our two core jurisdictions.
Cook Islands or Nevis Trust — registered in full and operational
Cook Islands or Nevis Company (LLC or IBC) — registered in full and operational
Every trust and company formation document
Every government fee and first-year trustee and agent cost
An offshore bank account at the partner institution you choose
Each package covers prepared formation paperwork, apostilled copies, and hands-on coordination with licensed Canadian registered agents.
(CANADA COMPANY GUIDE)
Getting to grips with the Canadian Limited Partnership
How does a Canadian Limited Partnership work?
Formed under provincial partnership law, a Canadian LP has at least two owners — a general partner together with one or more limited partners.
Non-resident LPs are usually established in Ontario or British Columbia and registered by a licensed provincial registered agent. Running the partnership and bearing unlimited liability for its debts falls to the general partner; limited partners put in capital and take a share of profits, but hold no management say and no personal liability past what they contribute.
Each partner's contribution, profit split, and management rights are laid out in the Limited Partnership Agreement. No minimum capital is required, and partners can be individuals or companies from any country.
- General partner: runs the LP and bears unlimited personal liability for its debts.
- Limited partner(s): put in capital and take a profit share, with liability capped at their contribution.
- Registered agent: keeps the LP's registration and statutory records current in the chosen province.
- LP Agreement: lays out governance, profit-sharing, and each partner's rights and duties.
Offshore Broker handles entity formation, registered agent, due diligence, and banking.
Discuss your structureWho controls a Canadian LP?
A Canadian LP can be arranged so that, as general partner, you keep full and direct control.
In most Canadian LPs used internationally, the beneficial owner's own company or entity acts as general partner, so everyday banking, investment, and operating choices stay wholly in your hands.
Since the general partner bears unlimited liability for the LP's debts, many setups appoint a separate limited liability entity — not an individual — as general partner, keeping that exposure suitably contained.
- General partner authority: spans management, banking, and day-to-day operating decisions.
- Limited partner rights: cover a profit share and information rights, but no management control.
- Liability containment: using a corporate general partner keeps personal exposure suitably contained.
- Trustee ownership: when a trust holds a partnership interest, it adds a jurisdictional layer while leaving daily management untouched.
What can be placed in a Canadian LP?
A partnership starts operating once approved assets have been properly transferred in and recorded as partnership property.
Typical uses cover cash and bank deposits, investment portfolios, consulting and service earnings, and stakes held in other business structures. Offshore Broker arranges the bank introduction, and each institution reviews the proposed assets, the source of funds, and the supporting paperwork.
A Canadian LP works especially well for international consulting, service, and trading firms that want to bill clients through a credible, G7-based entity while incurring no Canadian tax on non-Canadian-sourced income.
- Cash and deposits: held via approved offshore or Canadian institutional banking arrangements.
- International consulting income: billed through a credible entity that does not read as offshore.
- Investment portfolios: moved across in-kind or taken on by the bank or custodian.
- Business interests: brought together under one G7-based partnership layer.
Why pair a Canadian LP with a Cook Islands or Nevis Trust?
Canada supplies the reputation and the pass-through tax; a Cook Islands or Nevis Trust supplies the dedicated creditor-protection statute that Canada, on its own, lacks.
On its own, a Canadian LP leans on general common-law principles for creditor protection. Position a Cook Islands Trust over the LP's general or limited partnership stake, and the very stake a creditor would have to reach passes to an independent, licensed trustee operating wholly beyond US jurisdiction.
Your everyday control is unchanged — you keep running the partnership's banking and business just as you did before. What shifts is the outcome under real legal pressure, when the anti-duress terms of the trust deed tell the trustee to refuse any instruction made under compulsion.
- Practical control preserved: everyday management carries on exactly as it did before formation.
- Partnership interest relocated: held by an independent trustee rather than in your own name.
- Dedicated statute added: the trust supplies the purpose-built creditor protection Canada by itself lacks.
- Reputation retained: the Canadian entity keeps its G7 credibility intact.
Offshore Broker arranges Canadian LPs together with Cook Islands and Nevis Trusts under one engagement.
See the Cook Islands TrustWhat are the limits of Canadian LP protection?
A Canadian LP is a credible, pass-through structuring tool — not a purpose-built creditor-protection statute.
Transfers arranged once a claim already exists, while a partner is insolvent, or for an improper purpose can be contested under general common law and provincial partnership rules — without the criminal standard of proof or the short statutory limitation window that Cook Islands or Nevis offer.
That the general partner faces unlimited liability for LP debts is a genuine exposure in itself, best managed by putting a limited liability entity, rather than a person, in that role.
- No purpose-built creditor statute: protection leans on general common law rather than dedicated legislation.
- General partner liability: unlimited exposure for LP debts unless the structure is set up properly.
- No confidentiality from the authorities: US and home-country tax and reporting duties remain fully in force.
- Strongest when paired: a Cook Islands or Nevis Trust supplies the statutory protection Canada by itself lacks.
When should a Canadian LP be established?
Your best planning is done while your finances are steady and before any particular dispute or claim has arisen.
Forming the entity is quick — usually three to five days after KYC clears — but a paired structure only protects if it is put in place well ahead of any pressure, not once a threat is already active.
Opening the offshore bank account normally takes four to ten further weeks, shaped by the institution and the kind of business activity intended.
- Plan before pressure: don't hold off until a transfer turns urgent or disputed.
- Prepare documentation early: keep a certified passport, source-of-funds evidence, and proof of address current.
- Pick the general partner with care: think about using a corporate entity to keep unlimited liability contained.
- Think about pairing in a trust: where creditor protection, not reputation alone, is the priority.
What tax and reporting obligations apply?
Being pass-through doesn't mean it goes unreported — what you owe hinges on the partners, the income, and the countries in play.
A non-resident LP without Canadian-source income or Canadian business activity is untaxed in Canada and usually owes no Canadian filing. Reporting their share of the LP's income at their own place of tax residence falls to the partners.
US persons holding an interest in a Canadian LP generally face US reporting duties that turn on the structure, and FBAR can apply to offshore accounts the LP holds. None of this is optional, and every structure Offshore Broker builds is designed for full home-country compliance from day one.
- No Canadian filing: for non-resident LPs with neither Canadian-source income nor activity.
- Partner-level taxation: each partner reports their income share where they are tax resident.
- FBAR: can apply to offshore bank and financial accounts the LP holds.
- Professional advice: is worth getting before formation, especially on your home-country duties.
Who may consider a Canadian LP?
It tends to appeal to those after a credible entity that does not read as offshore and offers pass-through tax.
Likely candidates include international consultants and service providers, firms whose counterparties favour G7-based entities, and investment setups where pass-through, non-taxed status counts for more than complete privacy. The upside should outweigh the two-partner requirement and the general partner liability points.
As a standalone, it is a weaker fit where dedicated creditor protection is the chief aim — combining it with a Cook Islands or Nevis Trust closes that gap head-on.
- International consultants: billing clients through a credible, G7-based entity.
- Counterparty-sensitive businesses: where a Caribbean or Pacific entity might raise eyebrows.
- Pass-through investors: wanting non-taxed status without giving up institutional credibility.
- after non-taxed status without surrendering institutional credibility. via a Canadian LP combined with a Cook Islands or Nevis Trust.
Clients after Total Protection:
Book a consultation(WHY CLIENTS PICK OFFSHORE BROKER)
Canadian LP formation informed by a multi-jurisdiction view
Offshore Broker sets up Canadian LPs alongside Cook Islands or Nevis Trusts under one engagement. We are no referral middleman – the full formation runs through us directly, and we hand you the best pricing we can secure.
Direct ties to Canadian registered agents and corporate service providers
We rely on direct, licensed relationships with Canadian registered agents — no referral intermediary — the very team that builds Cook Islands and Nevis structures across 20+ jurisdictions.
Honest positioning — Canada is a G7 jurisdiction that carries real tax obligations, not an offshore haven
Our Canadian structuring specialists grasp the practical realities of LP formation and banking first-hand, not off generic offshore scripts.
BC Ltd and federal corporation know-how for international clients
Every government fee and first-year agent cost are included in the price — no hidden costs, no surprise invoices.
Fixed-fee formation, with all registry fees built in
We weigh Canada honestly against Cook Islands and Nevis, so reputational credibility is never mistaken for adversarial creditor defence.
Active in 20+ jurisdictions — among them Canada, BVI, Cook Islands, and Singapore
Optional legal and tax advisory secures full home-country compliance — every structure is meant to be reported properly, never concealed.
(IS A CANADIAN LP RIGHT FOR YOU?)
Well matched to credible, pass-through international structuring
A Canadian LP fits international consultants, service providers, and firms after a G7-based, non-taxed entity. Where dedicated creditor protection matters, combine it with a Cook Islands or Nevis Trust.
Credible structuring and pass-through international business
A Canadian LP appeals most to clients who want a structure that banks and counterparties won't read as offshore.
International business owners after G7 credibility without Canadian tax
Consultants and service providers billing internationally through a credible entity
Clients whose counterparties distrust Caribbean or Pacific offshore structures
Investment or holding setups where pass-through, non-taxed status comes first
When Canada by itself isn't the strongest option
Canada brings real reputational and tax-transparency benefits, yet it is not built around dedicated creditor-protection statutes.
No charging-order or creditor-bond statute of its own, unlike Cook Islands or Nevis
As a non-resident, non-taxed entity, it cannot claim Canadian tax treaty benefits
Calls for at least two partners, unlike single-member offshore structures
Against adversarial creditor claims, a Cook Islands or Nevis structure gives materially stronger protection
For creditor protection specifically, weigh the Cook Islands Company and Nevis Company. For credible, pass-through structuring, Canada is often the stronger fit.
(TOTAL PROTECTION PACKAGE)
The Canada Total Protection Package
On paper alone, a company achieves nothing – it delivers only once it is funded and running. We run the bank introduction, aligning your entity profile with institutions currently onboarding Canadian LP entities. Opening an account usually takes four to ten weeks.
- Canada registered agent application coordinated from start to finish
- Trustee, registration and third-party costs itemised in the written quote
- Canada-compliant formation documents prepared where required
- Structure registered and prepared to receive trustee-approved assets
(OUR CANADA COMPANY KNOW-HOW)
Meet the people who build your company
John Evans
Forbes Business Council Founder & Chief Executive Officer
Rarotonga, Cook Islands
More than two decades of experience across offshore banking, asset protection, international companies and trusts.
Melanie Tetuaiteroi
Sales Assistant
Rarotonga, Cook Islands
Supports client onboarding, communications, documentation and operational coordination, backed by fiduciary administration experience.
(FORMATION PROCESS)
01
Initial consultation
Together we talk through your goals, work out which structure fits best – a Canadian LP or a Cook Islands or Nevis setup – and review your home-country tax position.
02
Lock in the structure and finish KYC
We settle the province and general partner arrangement, confirm the name is free, and give you a bespoke KYC checklist – certified passport, source-of-funds evidence, and proof of address.
03
Prepare, execute, and file
We draft your Limited Partnership Agreement, lodge it with the provincial registry, and settle every government fee. The whole formation is done inside three to five days.
04
Collect your documents and set up banking
You get the full partnership document pack, ready to open a bank account. From there we run the bank introduction all the way to a live, funded offshore account.
(CANADA COMPANY EXPLAINED)
Canada Company Insights
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(ABOUT CANADA COMPANIES)
What is a Canadian company?
For international business, the Canadian company people reach for most is the Limited Partnership – created under provincial law, usually in Ontario or British Columbia, rather than through one federal offshore statute. Canada’s status as a G7 and OECD member, blacklisted by no jurisdiction, lends its entities a degree of institutional trust that purely offshore centres struggle to match.
So why pick Canada ahead of a Caribbean or Pacific jurisdiction? Because it delivers reputation and pass-through tax at once. A non-resident LP without Canadian-source income or Canadian business activity is fiscally transparent – untaxed in Canada, and usually free of any Canadian filing duty – yet still enjoys the standing of a G7-based entity. For international consultants and service firms whose clients or banks distrust plainly offshore setups, that pairing is hard to find anywhere else.
For hard-fought creditor protection, a Canadian LP is not Offshore Broker’s first pick – it lacks the charging-order and creditor-bond statutes that make Cook Islands and Nevis companies so powerful against live claims. Canada’s real strength is reputational: placing a Cook Islands or Nevis Trust over a Canadian LP marries G7 standing to real statutory asset protection.
(CANADA COMPANY FAQS)
Frequent questions about Canadian companies
(CONTACT US)
Speak to a specialist. Let’s build your structure.
Book a confidential, no-obligation consultation with a senior member of our team to discuss your objectives and the services we have available.
