Partnerships that do not have to file a partnership information return (PIR) - T5013

Generally, partnerships do not have to file a partnership information return (PIR) if they have five partners or less throughout the whole fiscal period; and no partner who is another partnership.

If you are a partner of a partnership that does not have to file a PIR, calculate the partnership's income and expenses using the same rules you would use for reporting your business and income expenses for a proprietorship.

Some rules for capital cost allowance and eligible capital expenditures on partnership-owned property are different.

Forms and publications

• Guide T4002, Business and Professional Income
• T4068, Guide for the T5013 Partnership Information Return

Related topics

• Reporting your business and income expenses
• Capital cost allowance (CCA) - Partnership
• Eligible capital expenditures - Partnership