Who has to file T5013 - partnership information return

Starting from 2011, a partnership that carries on a business in Canada, or a Canadian partnership with Canadian or foreign operations or investments, has to file a T5013 - partnership information return for each of its fiscal Period if the partnership:

  • at the end of fiscal period, has
    • an absolute value of revenues plus an absolute value of expenses of more than $2 million, or
    • more than $5 million in assets ( tangible or intangible, ignoring depreciation) or
  • anytime during the fiscal period,
    • is a tiered partnership (i.e. the partnership has another partnership as a partner or is itself a partner in another partnership); 
    • has a corporation or a trust as a partner;
    • invested in flow-through shares of a principal-business corporation that incurred Canadian resource expenses and renounced those expenses to the partnership; or
    • the Ministry of National Revenue requests one in writing.

How a partnership is taxed?




Additional information