NAFTA and its predecessor, the Canada-US Free Trade Agreement, have generally made it easier for Americans and Canadians to do business throughout North America without regard to borders, and the Nova Scotia unlimited company, or “NSULC” (sometimes pronounced “ensulk“), has been routinely used to provide tax-efficient structures for cross-border investment. 325 likes. Search for real estate and find the latest listings of Nova Scotia Property for sale. Explore Scotiabank Jamaica products and services which include credit cards, loans, mortgages, banking for small and corporate business Unlike the UK, Nova Scotia does not have a simple procedure for moving from limited to unlimited. During the tech bubble, NSULCs were used as acquisition vehicles, especially in transactions in which US purchasers bought Canadian companies, using their own stock and exchangeable shares. That particular use of unlimited companies fell away as creditors and the public became more comfortable with the limited liability concept when dealing with limited corporations. 3328840 NOVA SCOTIA LIMITED : DBA Name: CHASE MARITIME TRANSPORTATION : Physical Address: 99 WYSE ROAD SUITE-1100 DARTMOUTH, NS B3A 4S5 Phone: (647) 515-1020 : Mailing Address: 99 WYSE ROAD SUITE-1100 DARTMOUTH, NS B3A 4S5 USDOT Number: 3317749 : State Carrier ID Number: MC/MX/FF Number(s): MC-1055073 : DUNS Number:-- Power Units: 1 : Drivers: Apply on company website Save. The Nova Scotia unlimited company is the only Canadian entity treated as a corporation for Canadian tax purposes but also eligible to be “disregarded” for tax purposes in the United States. One of the reasons why imports and exports are common in Canada is because in order to amalgamate two entities, they must both be incorporated under the same laws. As a Canadian incorporated entity, the NSULC is a resident of Canada for the purposes of the Canada Income Tax Act (the “CITA”) and, as such, is taxable in Canada on its worldwide income. Going back to 1990, many Nova Scotia lawyers would have favoured an overhaul of the Act. Again, this process has arisen as an innovative use of existing materials to fashion a procedure not expressly provided for by statute. Nova Scotia lawyers and, through them, legislators, are beginning to focus on how the NSULC can be brought into the 21st Century without interfering with its usefulness. Beginning in 1992 as a trickle and escalating substantially with the adoption of the check-the-box regulations in 1997, NSULCs have proven indispensable to cross-border transaction planning. Free and open company data on Nova Scotia (Canada) company 3288212 NOVA SCOTIA LIMITED (company number 3288212), 900-1959 UPPER WATER STREET HALIFAX NS Canada B3J 3N2 [Webinar] Fighting Financial Crime: The White Box Company Data Revolution – listen to the recording. | Last updated March 26, 2008. Nova Scotia, however, is the only Canadian province to not only adopt English model legislation but also to maintain it with most of its original features to the present day. The company's line of business includes the retail sale of new and … Take me there. 206-91 SACKVILLE DR. LOWER SACKVILLE NOVA SCOTIA B4C 2R3. However, by combining several mechanisms available under the Act, an existing corporation existing virtually anywhere in Canada can be “converted” into an NSULC. Free and open company data on Nova Scotia (Canada) company 3231974 NOVA SCOTIA LIMITED (company number 3231974), 134 Portland Hills Drive Dartmouth NS Canada B2W 6L7 [Webinar] Fighting Financial Crime: The White Box Company Data Revolution – listen to the recording. Throughout this period new uses—for example, as part of income trust structures—arose, and previous structures were refined. The Supreme Court of Nova Scotia recently issued a decision that confirms the availability of this procedure, which will likely increase the use of said procedure. By combining new applications and more user-friendly corporate law developments, we expect to see the popularity of NSULCs continue to increase. 1. Catalogue général des entreprises au Canada, entreprises et organisations du Canada. Even before the “tax”, Nova Scotia had significantly improved its technology, allowing ready access to information over the Internet and rapid turnaround on processing of most requirements. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Search. 24 September 2009. We noted earlier in this article that there is no single-step procedure for turning a limited company into an unlimited company. Manage your business registrations, permits and licenses. NSULCs do not, however, for the most part, issue incentive shares or stock options to employees.                   Â. Many wrongly assume that to be a corporation, one must have limited liability, an assumption that has no historical basis in Anglo-Canadian law. Accordingly, Nova Scotia lawyers have recently began using the “plan of arrangement” procedures in the Companies Act to effect such conversions without amalgamation. Find Property for sale in Nova Scotia. Internet Explorer 11 is no longer supported. Even where this method is not available, one can ordinarily find a tax-effective method to transfer assets from the existing company to an NSULC, accomplishing the same goal.      Â. All registered and renowned non-profit charitable organizations will be presented with a free copy of databases. Complete several transactions at one time and pay online. Unlimited companies, if anyone noticed them at all, seemed to be throwbacks to the days before limited liability became identified as a sine qua non of corporate status. Contact - 3279356 NOVA SCOTIA LIMITED. Please try again. Email. By way of some examples, NSULCs are used: • by US companies making Canadian acquisitions (including asset and share acquisitions);• by US persons acquiring interests in Canadian partnerships (to qualify as a “Canadian partnership” as defined in the CITA and receive preferential tax treatment as compared to foreign partnerships, all partners must be Canadian residents. Charles S. Reagh • Tel: (902) 420-3335 • Fax: (902) 496-6173 • Email: csr@smss.com&Paul W. Festeryga • Tel: (902) 420-3302 • Fax: (902) 420-1417 • Email: pfesteryga@smss.comStewart McKelvey Stirling Scales900 Purdy's Wharf, 1959 Upper Water St, Box 997, Halifax NS   B3J 2X2. The email address cannot be subscribed. Some Department of Service Nova Scotia and Internal Services information is on the old website (you’re on the old website now). These sorts of rules are found in areas as diverse as the communications and financial services industries. These shareholders only suffer from unlimited liability if the company is liquidated or (perhaps) becomes bankrupt, in which case the liquidator can call upon these shareholders to contribute to any corporate deficit. So long as this limited entity is properly created under the laws of its incorporating jurisdiction (usually one of the United States ) and steps are taken to ensure that its separate limited liability nature will be respected under local law, there should be an effective shield against liability. Accordingly, any adviser to US companies with interests in Canada, or to Canadian companies with interests in the U.S., will want to consider whether (or, more often, how) his or her client … Company profile page for 3319014 Nova Scotia Ltd including stock price, company news, press releases, executives, board members, and contact information Freedom of Information Act (FOIA) But even the reduction in cross-border activity, and in M&A transactions generally, since late 2000 has not caused a major slowdown in their use. A copy of the Office of Superintendent’s Certificate of Appointment may be accessed on this under the Notices section of the website. It's all about the journey, not the destination. This is the opposite of the rule for partnerships.• Certain Canadian rules make it very difficult for true partnerships with any American members to carry on business in Canada. The Nova Scotia child benefit (NSCB) is a non-taxable amount paid monthly to help low- and modest-income families with the cost of raising children under 18 years of age. One thing to keep in mind here: if the shareholder of the NSULC is an LLC (as opposed to a C corporation, S corporation or U.S. resident individual), favorable tax treatment given to dividends paid to U.S. corporations under the convention may be unavailable, and much of the benefit of the arrangement will be lost. General business catalog of companies Canada, firms and organisations of Canada. Eligibility. Find their customers, contact information, and details on 37 shipments. Stay up-to-date with FindLaw's newsletter for legal professionals. There is nothing new about unlimited companies, nor have they been designed to meet a particular need of tax planners or to create a “Delaware North” in Nova Scotia. Every involved entity must know that these databases are not for sale. While for their own peculiar reasons unlimited companies had seen a renaissance in the United Kingdom during the 1960s, this was well outside the experience of most Nova Scotians, and it seemed unlikely that any similar rebirth would occur here. One of these four indicators was limited liability. There are few complications in looking after unlimited companies once they have been created, and few ongoing ties to the province are required. Learn more about FindLaw’s newsletters, including our terms of use and privacy policy. (In the UK there is a three-year period during which these liabilities continue, but no similar provision has ever been enacted in Nova Scotia ). The fundamental nature of an NSULC is that of a body corporate with separate personality, not significantly different from any other corporation. Call the company. We specialize in Asphalt Shingles & Metal Roofs. This has not appeared, in most cases, to have affected the overall economics of their use). inactive "2007236 NOVA SCOTIA LIMITED" (Nova Scotia (Canada), 20 Feb 1990 - , 603 - 73 TACOMA DRIVE DARTMOUTH NS Canada B2W3Y4) "A WAITED DREAM" PONY STABLE (Nova Scotia (Canada), 30 Oct 2014 - , 42 DAIGLES LANE HEAD OF CHEZZETCOOK NS Canada B0J 1N0) inactive "A. | Other innovative uses of NSULCs have also been developed by tax advisers to address particular issues and particular circumstances. If you plan to do business, start a society or want information about existing companies in Nova Scotia, this section is for you. These shareholders only suffer from unlimited liability if the company is liquidated or (perhaps) becomes bankrupt, in which case the liquidator can call upon these shareholders to contribute to any corporate deficit.• Certain Canadian tax rules, including rules under the Canada-US Income Tax Convention, are more favorable to corporations than partnerships in particular circumstances.• As a Canadian corporation, the NSULC is considered resident in Canada for Canadian tax purposes, regardless of where its members are located. 32221777 Nova Scotia Limited shall conform with the eligibility criteria as set out in section 10.1 of the Radiocommunication Regulations.. 2. TAKE NOTICE on the 22nd day of August, 2016, PricewaterhouseCoopers Inc. was appointed Receiver of 3287256 Nova Scotia Limited. Stories are listed as a data type on the portal. Update my company information. & D. ENTERPRISES LIMITED "(Nova Scotia (Canada), 2 May 1977 - , 311 MAIN ST … The Company's line of business includes the retailing motor vehicle supplies, tools, and other automotive accessories. We help businesses across the province grow exports, and work with innovative, globally competitive companies that are looking to make Nova Scotia their business solution. We recommend using Using an NSULC to hold the partnership interest of a US resident maintains the Canadian partnership status for Canadian tax purposes);• by US persons with existing Canadian holdings seeking a more tax-efficient, or at least tax-transparent, corporate structure;• by Canadian and US persons making investments in the other country to maximize the tax benefits of cross-border financing arrangements;• by Canadians emigrating to the US seeking to avoid double taxation on their Canadian holdings and to trigger an increased cost base for US purposes (an amendment proposed to the Convention in 2000 may eliminate the necessity of using a NSULC to create cost base for US purposes, but the amendment is pending, and the required US election regulations have not been created. Chrome, Firefox, or Microsoft Edge meetings need ever take place in Nova Scotia lawyers would have favoured overhaul. Have favoured an overhaul of the maritime provinces, is best known for rich! 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