Choosing an entity for protection of property in Ontario, Canada

[Tejaswi Khanna]

Hello,

I am soon to buy a property in Ontario, Canada as a way of investing.

In order to protect my asset, I wanted to register for an LLC here but it turns out that Canada does not have any such entity structure. As per my research, there is a structure here called ULC but I don't know if that offers the same benefits as an LLC.

I was wondering if anyone here could help me gain some clarity. I am after an entity that provides me charging order protection as the property will be rented out to tenants.

Your help is greatly appreciated!!