Canada is generally considered as a country with a relatively strict taxation system with no features of an offshore or any other tax-exempt structure. Typically, this is true – most Canadian legal entities are liable to pay taxes on all their domestic and foreign income. Due to this, Canada is perceived by government bodies as well as entrepreneurs as a country with a standard taxation system and any legal entity established in its territory – as a reputable and trustworthy vehicle. https://www.confiduss.com/en/info/blog/article/limited-partnership-acquisition-canada/