T5013 Partnership Information Return filing requirements

Important notice

Farm partnerships that are made up of only individual partners will not have to file a T5013 return for the 2016 fiscal year.

The T5013 Partnership Information Return can be filed electronically.

Electronic filing for T5013 Partnership Information Return
The T5013 Partnership Information Return can be filed electronically.
Exemption for farm partnerships from filing T5013 Partnership Information Return
Farm partnerships that are made up of only individual partners will not have to file a T5013 return for the 2016 fiscal year.
Filing T5013 Partnership Information Return
For fiscal periods ending on or after January 1, 2011, the new criteria will apply.
Reporting partnership income
Each partner files an income tax return to report their share of the partnership's net income or loss
Partnership Losses
Information on loss carry-over rules
Where to send your T5013 Partnership Information Return
Find out where you can deliver or mail your T5013 Partnership Information Return
GST/HST rebate for partners
For an individual who is a member of a partnership
Partnerships that are subject to Specified Investment Flow Through (SIFT) tax
A SIFT Partnership is liable to pay tax under Part lX.1, section 197 of the Income Tax Act (ITA).
Capital cost allowance (CCA)
A partnership can own depreciable property and claim CCA on it. Some rules for CCA on partnership-owned property are different.
Eligible capital expenditures
A partnership can own eligible capital property and deduct an annual allowance.

When you form, change, or dissolve a relationship that may be a partnership, consider:

whether the relationship is a partnership;
the special rules about capital gains or losses and the recapture of capital cost allowance (CCA) that apply when you transfer properties to a partnership;
the special rules that apply when you dissolve a partnership; and
the special rules that apply when you sell or dispose of your interest in a partnership.