Canadian Domicile in the US

Asked by

Community Member

Jun 07, 2023

Canadian Domicile in the US

One of my larger LPs can only invest in US entities, and my largest LP doesn't require but would prefer I domicile in Delaware. As a Canadian is that going to be an issue? Are there major tax issues I'll face? My wife is American, but not planned to be involved in the business (if that could help.)

1 See in Base

Answered by

Community Member

Jun 07, 2023

Hmmm is there a situation that I could create a US Corp for the US investors that then invests in the Canadian Fund? The US Investor said that the fund could invest outside of the US, it was their direct investment that had to go to a US corp.

Answered by

Mike Suprovici

Jun 07, 2023

We're not Tax advisors Scot and we strongly recommend that you do not try to advise your LP on their tax situation. The Ontario fund structure is favorable for American LPs, so consider pushing back on this.

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