This article does not discuss the taxation of other forms
of unincorporated business vehicles. While the Act provides
specific rules governing the manner in which a
partnership is taxed, there are no rules that apply specifically
to joint ventures. The terms“syndicate” and “association”
are also sometimes used to describe a form of joint
venture that is not a partnership. Generally, the CRA’s
position (supported by case law) is that a joint venture
may be a partnership in some instances, but a joint venture
may also exist as a form of business association distinct
from a partnership.A joint venture is more likely to
be found not to constitute a partnership if it is formed
for a limited term or for a single undertaking and if the
parties agree to share gross revenue and expenses rather
than to share profits