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:
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- at the end of fiscal period, has
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- 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
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- anytime during the fiscal period,
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- 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.
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