10 June 2016 STEP Roundtable Q. 8, 2016-0634951C6 - U.S. LLPs & LLLPs Classification -- summary under Corporation

CRA largely repeated its position immediately below in 2016 IFA Roundtable, Q. 1 (as well as indicating that Anson has not changed its views on LLCs). One change was that after listing the four conditions respecting when it will continue respecting an LLP or LLLP as a partnership, CRA added that “where some but not all of those conditions are met, those cases may be dealt with on a facts and circumstance basis.”