Partnerships that have to file a partnership information return (PIR) - T5013

Your partnership has to file a partnership information return (PIR) if the partnership has six or more partners at any time in the fiscal period; or the partnership has five partners or less throughout the whole fiscal period and one or more of its partners is another partnership.

See T4068, Guide for the T5013 Partnership Information Return for more information on other situations where you have to file a PIR.

If you are a partner of a partnership that has to file a PIR, that partnership should give you two copies of either a Slip T5013, Statement of Partnership Income or a Slip T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses, from the partnership. If you do not receive either slip,contact the person who prepares the slips for the partnership.

On your income tax return, report the gross partnership income and your share of the net partnership income or loss. You will get these amounts from your T5013 or T5013A slip. Attach a copy of your T5013 or T5013A slip to your income tax return. Do not attach the partnership's income and expense statement.

You may need to adjust your share of the net partnership income or loss shown on your T5013 or T5013A slip. Do this to deduct any business expenses you incur for which the partnership did not repay you, and for any other deductible amounts. If this is your situation, see line 9943 and line 9945 of Form T2125, Statement of Business or Professional Activities.

Forms and publications

• Guide T4002, Business and Professional Income
• T4068, Guide for the T5013 Partnership Information Return
• Form T2125, Statement of Business or Professional Activities
• Slip T5013, Statement of Partnership Income
• Slip T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses
• Form T5013SUM, Information Return of Partnership Income

Related topics

• Business-use-of-home expenses