T5013 partnership return: filing requirements and due dates

Published Monday 20 April 2026

Table of contents

• What is a T5013 partnership information return?
• What is a partnership?
• Who needs to file a T5013?
• Filing deadlines for different partner types
• Completing the T5013 partnership information form
• FAQs on T5013 partnership information returns

Key takeaways

• File a T5013 partnership information return if your partnership exceeds $2 million in combined revenue and expenses, holds more than $5 million in global assets, or engages in activities like allocating losses to limited partners or including non-resident partners.
• Meet your filing deadline based on your partner types—March 31 if all partners are individuals, or within five months after your fiscal period end if any partners are corporations—to avoid penalties.
• Complete four documents when filing: the T5013 FIN, the required schedules, individual T5013 slips for each partner, and the T5013SUM summary that consolidates all partner allocations.
• Report your share of partnership income on your personal or corporate tax return using the amounts on your T5013 slip, keeping the original income type (such as rental or business income) when transferring figures to the correct tax return lines.

Key takeaways

• File a T5013 partnership information return if your partnership meets specific criteria. These include the combined absolute value of revenue and expenses exceeding $2 million (see CRA filing requirements), global assets over $5 million, or activities like allocating losses to limited partners or having non-resident partners.

• Complete four essential documents when filing: the T5013 FIN (Partnership Financial Return), required schedules based on your partnership activities, individual T5013 slips for each partner, and the T5013SUM summary that consolidates all partner allocations.

• Meet filing deadlines based on your partner types to avoid penalties—March 31 if all partners are individuals, or five months after the fiscal period end if any partners are corporations.

• Use information from your T5013 slip to report partnership income on your personal or corporate tax return. Maintain the original income type (such as rental or business income) when transferring amounts to the appropriate tax return lines.

What is a T5013 partnership information return?

A T5013 partnership information return is a tax form that reports a partnership's income, expenses, and how those amounts are distributed among partners. The CRA uses this information to verify that each partner correctly reports their share on their personal or corporate tax return.

Partnerships themselves don't pay income tax. Instead, the income flows through to individual partners, who report it on their own returns. The T5013 bridges this gap by giving the CRA a complete picture of partnership finances.

Under Section 229(1) of the Income Tax Regulations, many Canadian partnerships, including those that carry on business in Canada, must file this return annually.

Individuals must complete the T1 income tax and benefit return reporting on their income for the previous tax year. Corporations must complete the T2 corporation income tax return. To claim partnership expenses as an individual, members of a partnership can file the Employee and Partner GST/HST Rebate Application (form GST370).

If your partnership is in Quebec, you may need to report your share of business income or losses on a provincial form, even though partnerships are not subject to tax in Quebec. Some partnerships are exempt.

What is a partnership?

A partnership is a business structure where two or more individuals or entities share ownership and operate a business together. Each partner contributes to the business and shares in its profits, losses, and responsibilities.

Partners typically contribute different elements:

• capital: providing funding or financial resources
• labour: handling day-to-day operations and management
• assets: contributing equipment, property, or specialized expertise

A written partnership agreement should outline how you split profits and losses, make decisions, and manage contributions. This agreement also determines each partner's share for T5013 reporting purposes.

Partnerships can have income from:

• the business's operations
• commissions
• investments
• rental property
• other sources, such as farming, fishing, and interest income

Calculate profit or loss for each income source separately.

Types of partnerships

Canada recognizes three main partnership structures, each with different liability and filing requirements:

General partnership (GP):

• Formed with an oral or written agreement
• Registration requirements depend on provincial or territorial law
• Partners are generally jointly liable for partnership debts

Limited partnership (LP):

• Includes general partners who manage the business and limited partners who contribute capital only
• Limited partners' liability is restricted to their capital contribution
• Requires registration under provincial or territorial law

Limited liability partnership (LLP):

• Provides partners with protection from certain liabilities
• Partners aren't personally responsible for business debts or other partners' mistakes
• Filing requirements change if the partnership has a corporation or a trust as a partner (see CRA filing requirements)

Who needs to file a T5013?

Your partnership must file a T5013 if it meets any one of the following criteria. Even if you fall below the financial thresholds, certain activities trigger mandatory filing.

Financial thresholds:

• Exceeds $2 million in revenue and expenses combined: Add the absolute value of total worldwide revenues to total worldwide expenses to calculate this threshold (see the T4068 Partnership Information Return guide)
• Holds more than $5 million in global assets: Use the original cost of all assets worldwide, both tangible and intangible, without depreciation
• Exception: Farming partnerships that report only farming income are exempt from these thresholds

Partnership activities that require filing:

Your partnership must also file if it engages in any of these activities:

• Allocating losses to limited partners
• Including a non-resident partner
• Making distributions to partners
• Claiming resource-related deductions

Filing deadlines for different partner types

Your T5013 filing deadline depends on who your partners are. Missing the deadline can result in penalties, so confirm your partnership type early.

All individual partners: If all members are individuals throughout the fiscal period (per Section 229(1) of the Income Tax Regulations), file by March 31 of the year following the calendar year in which your fiscal period ended.

Mixed partners (individuals and corporations): File by the earlier of March 31 or five months after your partnership's fiscal year end.

All corporate partners: For partnerships where all members are corporations throughout the fiscal period (per Section 229(1) of the Income Tax Regulations), file within five months after your partnership's fiscal period ends.

Completing the T5013 partnership information form

Filing a T5013 requires four documents that together give the CRA a complete picture of your partnership's finances and how income is allocated among partners.

• T5013 FIN (Partnership Financial Return): A four-page document that captures basic partnership identification and details • T5013 Schedules: Detailed financial breakdowns and calculations, with specific schedules based on your partnership's activities • T5013 Slips: Individual allocation information for each partner, with one slip required per partner • T5013SUM (Summary): A consolidation of all partner slips showing partnership-wide totals

An accountant can help you complete these documents accurately and meet your filing deadlines.

1. Complete the T5013 FIN

The T5013 FIN is a four-page Partnership Financial Return that establishes your partnership's identity and provides the foundation for all other filing documents.

Page 1: Partnership identification

• Business name and address
• Partnership type and structure
• Partnership account number (your 15-character RZ program account number, as specified in the CRA filing requirements)

Page 2: Required attachments

• Checklist of schedules to include
• Questions to determine applicable forms
• Guidance for completing attachments

Pages 3-4: Operational details

• Partnership operations information
• Tax-related data
• Financial details and calculations

2. Fill out and attach the T5013 schedules

Schedules provide detailed financial breakdowns that support your main T5013 return. Which schedules you need depends on your partnership's activities.

Required schedules for most partnerships:

• schedule 1: partnership's net income or loss for income tax purposes
• schedule 50: partner's ownership and account activity, including a limited partner's at-risk amount
• schedule 100: balance sheet information
• schedule 125: income statement

FAQs on T5013 partnership information returns

Here are answers to common questions about filing T5013 returns.

Who must file a T5013 partnership information return?

You must file if your partnership meets financial thresholds (over $2 million in combined revenue and expenses, or over $5 million in assets) or engages in specific activities like allocating losses to limited partners or having non-resident partners.

When is the T5013 filing deadline?

The deadline depends on your partner types. File by March 31 if all partners are individuals, or within five months after your fiscal period end if any partners are corporations.

What's the difference between a T5013 slip and a T5013 return?

The T5013 return reports the partnership's overall financial information. The T5013 slip shows each individual partner's share of income, deductions, and credits.

Do partnerships pay income tax in Canada?

No, partnerships don't pay income tax. Income flows through to individual partners, who report and pay tax on their share through their personal or corporate tax returns.