Digital Brain
digital brain
digital brain

Getting the Deal Through (Canada Chapter) – Private Equity 2019 – Fund Formation

May 2019 Publications < 1 read

A limited partnership is typically used for private equity funds in Canada. This allows ‘flow-through’ treatment for investors (ie, income tax is not paid at the partnership level). Limited partnerships are formed provincially and, to be created, a declaration must be filed in the applicable province. However, they do not have a separate legal personality.

A Canadian limited partnership is, similar to most other jurisdictions, a partnership with passive investors (limited partners) and a general partner who is charged with the management and operation of the business for the partnership and has unlimited liability for all of the obligations of the limited partnership. Limited partner investors do not take part in the management of the fund and are only liable to the extent of the amount they contribute or agree to contribute.

For the full report, download the Canadian Chapter of Getting the Deal Through – Private Equity 2019 – Fund Formation

Insights (5 Posts)

Featured Insight

Part 1 | Capital Markets Podcast: The Clash Between Securities Law and Crypto

This podcast series dives into the future of crypto law.

Read More
Nov 24, 2022
Featured Insight

Update for Federal Employers: Changes to the Canada Labour Code and Regulations

Federal employers should prepare for the forthcoming approval and implementation of several regulations proposed under the Canada Labour Code.

Read More
Nov 24, 2022
Featured Insight

Bill 23 Update: Revisions Proposed to Bill 23 Following Lengthy Second Reading

Ontario's most talked about piece of legislation, Bill 23, received some revisions from the Standing Committee prior to Third Reading.

Read More
Nov 24, 2022
Featured Insight

McMillan’s Annual Privacy, Data Protection and Cybersecurity Client Seminar

Join McMillan's Privacy & Data Protection Group on Wednesday, December 7th for an overview of recent significant legal developments, tips on complying with new and forthcoming obligations under Quebec’s Bill 64, and discussions about hot topics in data management.

Details
Wednesday, December 7, 2022
Featured Insight

OSC Signals Concerns about Gamification of Investing

The OSC cautions trading platforms about the use of gamification to incentivize investment after an experimental study shows these techniques are effective.

Read More
Nov 21, 2022