Joel A. Nitikman, "Who Has De Jure Control of a Corporation When Its Shares Are Held by a Limited Partnership?", 2011 Canadian Tax Journal, Vol 59, p. 765

Summary Under
Tax Topics - Income Tax Act - Section 111 - Subsection 111(5)

Argues that (at least where the shares of a subsidiary corporation held as partnership property are registered in the name of the limited partnership rather than the general partner), an acquisition of control of the general partner or of the limited partners will not result in an acquisition of control of the subsidiary corporation as it is owned by the limited partnership itself.

Summary Under
Tax Topics - Income Tax Act - Section 249 - Subsection 249(4)

Argues that (at least where the shares of a subsidiary corporation held as partnership property are registered in the name of the limited partnership rather than the general partner), an acquisition of control of the general partner or of the limited partners will not result in an acquisition of control of the subsidiary corporation as it is owned by the limited partnership itself.