Notice to the reader:
You may have received a 2004 or 2006 version of the T5013, Statement of Partnership Income, slip. Below you will find instructions for both versions. Use the instructions that apply to the version of the T5013 slip you received.
On line 122, report your limited partner's share of the net business income or loss from a limited partnership if you were either:
- a limited partner;
or
- not actively involved in the limited partnership and not otherwise involved in a business or profession similar to that carried on by the limited partnership.
If a child who was born in 1987 or later is reporting certain limited or non-active partnership income, see Split income of a child under 18.
If your limited partnership income is from a tax shelter, see Tax shelters.
You may have to make Canada Pension Plan contributions on your net partnership income. See line 222 - Deduction for CPP or QPP contributions on self-employment and other earnings.
Attach your T5013, Statement of Partnership Income and T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses information slips to your tax return. If you did not receive an information slip, attach a copy of the partnership's financial statement.
Note
If the limited partnership has a loss, the amount you can claim could be limited. For details, contact us.
Completing your Schedule 4 (only if you received a General Income Tax and Benefit Package)
In Part III, enter your limited partnership income (loss), including the amounts from:
- box 22 of your 2006 version of the T5013 or T5013A slip
- box 18 plus the note from the details area of your 2004 version of the T5013 slip
Completing your tax return
On line 122, enter the total from Part III (Net partnership income (loss)) of your Schedule 4.
If you are a limited or non-active partner and you did not receive a General Income Tax and Benefit Package, enter the net limited partnership business income (loss) on line 122.
On line 126, enter your net rental income (loss) from a limited partnership, including the amounts from:
- box 23 on your 2006 version of the T5013 or T5013A slip
- box 20 plus the note from the details area of your 2004 version of the T5013 slip
On line 141, enter your net farming income (loss) from a limited partnership, including the amounts from:
- box 20 on your 2006 version of the T5013 or T5013A slip
- box 18 plus the note from the details area of your 2004 version of the T5013 slip
and see Business.
On line 143, enter your net fishing income (loss) from a limited partnership, including the amounts from:
- box 21 on your 2006 version of the T5013 or T5013A slip
- box 18 plus the note from the details area of your 2004 version of the T5013 slip
and see Business.
If you are not a limited partner, enter your partnership income from self-employment on line 135 - 143, and see Business.
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