Doing Business in Canada: The Distinct Advantages of Manitoba Limited Partnerships

Doing Business in Canada:OD10300

On Demand Webinar

Duration: 42 minutes

Registration Fee: Lex Mundi members / Non-members - No Charge.

Course Description:

Join lawyers from Thompson Dorfman Sweatman for an in-depth review of how limited partnerships (LPs) are taxed in Canada and how LPs may be used in real estate development, debt financing, estate freezes and investment vehicles on a tax-effective basis. This webinar will additionally cover how the subtle differences in Manitoba’s limited partnership laws can make it advantageous to choose Manitoba as the jurisdiction in which to create limited partnerships when structuring transactions.

Key takeaways will include:

  • How LPs are taxed in Canada
  • Taxation of Non-Resident LPs in Canada
  • Tax-effective use of LPs in various types of business and investment structures
  • How Manitoba limited partnership law provides increased flexibility for limited partners
  • Ongoing reporting requirements for Manitoba limited partnerships
  • Key differences between limited partnerships and corporations to keep in mind when drafting commercial agreements


RICHARD L. YAFFE, Q.C. - Lawyer, Thompson Dorfman Sweatman

Richard is a partner who practises primarily in the area of securities law, with a corporate and commercial transactional practice and an emphasis on the strategic use of Manitoba limited partnerships. Richard acts as Manitoba counsel in multi-jurisdictional public offerings being made in Manitoba. He represents issuers and dealers in public offerings of equity and debt securities. Richard has acted in the creation of mutual funds, and has represented portfolio managers and advisers. He provides securities law and governance advice to public companies and assists them in their ongoing annual meeting and continuous disclosure requirements. Richard’s commercial practice focuses on the creation and maintenance of Manitoba limited partnerships, including private equity and investment funds, and he advises and acts on financing and other transactions for those limited partnerships.

Lisa Stiver - Lawyer, Thompson Dorfman Sweatman

Lisa Stiver’s practice focuses on corporate and commercial law, with particular emphasis on commercial transactions, and on real property conveyancing, leasing and financing. She acts for a diverse list of lenders across Canada in secured lender financing transactions for Manitoba-based owners. As well, Lisa has significant experience in providing advice on tendering and procurement law in both the private and public sector. She has represented clients in Ontario, Manitoba, Alberta, and British Columbia, in providing transactional advice and drafting of procurement documents to public institutions in all sectors of government. Lisa is the Chair of the firm’s Business Law Practice Group, and she has been on the firm’s Student Committee since 2008, having chaired it from 2012-2019. She is currently a member of the TDS Management Committee (2017 to present).

Leilani Kagan - Lawyer, Thompson Dorfman Sweatman

Leilani’s practice is focused on corporate transactions, including mergers and acquisitions, with a primary focus on owner-manager taxation issues, corporate reorganizations, estate planning, trusts and commodity tax issues. Leilani’s practice includes charities and non-profit organizations.

Registration and fees:

No Charge - Members/Non-Members - FREE

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