Canada is generally considered to be a country with a relatively rigid taxation system, with no signs of offshore or any other tax-free structure. As a rule, this is the case: most Canadian legal entities are required to pay taxes on all their domestic and foreign income. Thanks to this, Canada is perceived by government agencies, as well as entrepreneurs, as a country with a standard taxation system, and any legal entity created on its territory is perceived as an authoritative and trustworthy entity. https://www.confiduss.com/en/info/blog/article/limited-partnership-acquisition-canada/