28 February 2019 CBA Roundtable, Q.25

Policy Tabs

Summaries

Summary Under

ILP test is not a day-by-day numerical test

Each scenario provides a variant of Example 1 in Notice 308 respecting a limited partnership (LP) that is established to offer investment...

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Summary Under

fees of general partner are taxable even if not charged to ILP

After expanding on its comments in Notice 308 as to what was an “investment limited partnership,” CRA stated:

If an LP is not an ILP, as...

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