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A look-through company (LTC) is a special type of company. It's a separate legal entity but for income tax purposes it's treated like a partnership.

Tax summary

A look-through company must file income tax returns and report to us the same way as an ordinary company.

Owners can offset the look-through company's losses against their other income. They must pay tax on a look-through company's profits.

An owner with an effective look-though interest in the look-through company is treated as:

  • carrying on the activities and having the status, intentions and purposes of the look-through company
  • holding the property of the look-through company 
  • being a party to any arrangement to which the look-through company is a party to
  • doing an activity or being entitled to anything the look-through company does or is entitled to.