Register a General Partnership (GP) in Ontario, Canada

Canada treats all international business founders the same friendly way and offers favorable tax rates and data security. In 2022, you can start a business in Canada (non-resident) by opening a General Partnership in Ontario under the best possible conditions, enjoying all the benefits that make it similar to an offshore zone:

• 0% tax on income drawn from foreign sources;
• paid public registry of the beneficial owners;
• access to the banking system;
• 100% foreign ownership of GPs in Ontario;
• safety and security for business.

Turning to the experts of our portal, you will receive the services as part of the package you choose to register a General Partnership in Ontario:

• General Partnership Ontario, Canada with a Canadian bank account and services of a Canadian resident is 8,999 EUR.
• GP in Ontario, Canada with no bank account, 3999 EUR.

What is a General Partnership in Ontario?

What should one know about General Partnership vs Limited Partnership in Canada? These legal rules apply to all founders, including non-residents.

Important information. The registry of beneficial owners in Canada is publicly available, but only for a fee. The nominee services in Canada are regulated and legitimate.

Organizational form of business

Ontario GP is a general partnership in the province of Ontario. The actual presence of the business at the place of incorporation is a mandatory requirement, which includes having a postal and registered address in Canada.

Authorized capital

Not required.

GP Director in Ontario

Not appointed. The governing role is attributed to the partners.

GP Secretary 

When establishing a General Partnership in Ontario, Canada, a secretary is not required by law, but may be appointed at the discretion of the partners.

Reports and audit for Ontario GPs

A GP in Canada is not required to keep books and records and file reports and tax returns, or to be audited. However, it is still required to keep accounts. 

FYI. If the size of income and expenses of the Ontario GP exceeds 2 million CAD in the reporting period, or the GP assets exceed 5 million CAD, a Statement of Partnership Income form T5013 may be required.

Taxation of General Partnerships in Canada

Income drawn from foreign sources is not subject to corporate taxation in Canada. GP income tax in Ontario is paid by each partner in the country of their tax residency on an individual basis in accordance with the established requirements.

GP partners in Ontario

The minimum number of GP partners in Ontario is two, which can be either natural persons or legal entities (foreign founders are allowed).

Actually, General Partnerships in Ontario have a flexible governing body, which is the best solution when setting up a business with a single non-resident founder:

• When setting up a General Partnership in Canada, the corporate documents need to include two partners, one of which is a resident of Canada, the official owner of the majority interest in GP Ontario. 
• In fact, such a partner is a nominee and is required for a simplified procedure of opening a bank account in Canada, and to run a business without involving third parties or other beneficial owners (partners).
• The unofficial beneficial owner of the GP Ontario is a foreign founder who is a second business partner according to the papers. That is, they are the only interested person who benefits from the business and owns a full interest in GP Ontario.
• An agreement is signed between the nominee partner and the actual owner of GP Canada that spells out all the rules for gaining profit from the Partnership’s activities in Ontario.

Documents required to register a GP in Ontario, Canada

In order to register a General Partnership in Ontario, you need to prepare the following documents:

• application to register a partnership in Canada;
• proof of payment of the government fee;
• Resolution of the General Partnership;
• Partnership Agreement;
• copy of each partner’s travel passport, which must be valid for at least 6 months from the date of application for registration;
• address of residence, which can be confirmed by a bank statement, extract from the register of residents̆ or a copy of the utility bill. Such documents must not be older than 3 months;
• a photograph of the natural person partner of the GP with their passport held in their hands for identification purposes;
• if the partner is a legal entity, the Articles of Association need to be presented;
• name of the company in Canada, which cannot include names of founders and words that coincide with specialized or governmental organizations, including “bank”, “government”, “trust”.

All documents need to be made in English or translated into English, and apostilled.

How Can I Register a General Partnership in Ontario, Canada Remotely with Expert Support?

In order to register GP Ontario in Canada as quickly as possible, with no issues with the banks and registries, we suggest you consult the professionals and order this service from our experts, which can be done remotely. Online registration is available only by the power of attorney and needs to be discussed individually, including price and terms.

What is included in the price of our General Partnership registration service, from 3999 EUR?

• Preparation and filing of the required documents for business registration. 
• Registered office in Ontario for 1 year.
• Mailing address for correspondence for 1 year.
• Services of the registered agent for 1 year.
• Payment of government fees for business registration.
• Delivery of documents to the address specified by the customer.
• Free consulting and informational support by phone and email during the General Partnership registration in Canada.
• One set of original corporate documents.

Should you need to open a bank account in Canada for your General Partnership in Ontario, the price will be 8,999 EUR.

Time required to register a General Partnership starts from 15 days (with a bank account) and from 10 days (with no bank account).

We accept any convertible currency including crypto and Bitcoin. The initial fee is 50% of the amount, and the balance needs to be transferred at the final stage after the corporate documents preparation.