Statement of partnership income – Instructions for Recipient

T5013-Inst(E) Rev. 19

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Instructions for Recipient

Partners that are corporations or trusts
Report the information on a T2 Corporation Income Tax Return or a T3 Trust Income Tax and Information Return, whichever applies. Follow the instructions in the T4012, T2 – Corporation Income Tax Guide or the T4013, T3 – Trust Guide.

Partners that are partnerships
A partnership that receives a T5013 slip, Statement of Partnership Income, has to report the information on its financial statements for the fiscal period.

Partners who are individuals
Report the information on your T1 General Income Tax and Benefit Return, (T1 return). Keep one copy of this slip for your records and attach the other copy to your T1 return. You can get the T1 General Income Tax and Benefit Guide, (T1 guide), schedules, forms, and other tax guides at Forms and publications, or by calling 1-800-959-8281.

Identification

Boxes 001 to 006 and 010 to 040: We use this information to reconcile reported amounts.

Box 006: Under the Income Tax Act (the Act), you have to give your social insurance number (SIN) on request to any person who prepares an information slip for you. If you do not have a SIN, you can apply for one at any Service Canada Centre. For more information, visit Social Insurance Number – Overview.

Box 205: Functional currency code – This is the functional currency code applicable to the T5013 slip.

Limited partner's net income (loss)

Tax Shelter – If the limited partnership is a tax shelter, you should only receive a T5013 slip.

Box 010: Total limited partner's business income (loss)

Box 101: Limited partner's farming income (loss) (Multi-jurisdictional) – Include this amount on line 141 of your T1 return. You could have a restricted farm loss. If the partner code is "5", enter this amount on line d on page 3 of Form T2042, Statement of Farming Activities, or on the appropriate AgriStability and AgriInvest form.

Box 102: Agricultural income stabilization – Include this amount on the AgriStability and AgriInvest program information and statement of farming activities that applies to you.

Box 103: Limited partner's fishing income (loss) (Multi-jurisdictional) – Include this amount on line 143 of your T1 return. If the partner code is "5", enter this amount on line c on page 2 of Form T2121, Statement of Fishing Activities.

Box 104: Limited partner's business income (loss) (Multi-jurisdictional) – Enter this amount on line 122 of your T1 return. If the partner code is "5", enter this amount on line c on page 3 of Form T2125, Statement of Business or Professional Activities, and report the income on line 135 of your T1 return. The gross amount is in box 118.

Box 105: Limited partner's at-risk amount – We use this information to reconcile reported amounts.

Box 106: Limited partner's adjusted at-risk amount – We use this information to reconcile reported amounts.

Box 107: Limited partner's rental income (loss) – Enter this amount on line 18 of Form T776, Statement of Real Estate Rentals, and report the income on line 126 of your T1 return.

Box 108: Limited partner's loss available for carry forward – This is the part of your current-year loss from the partnership that you cannot deduct on the current year's return. You can only deduct it in future years if you have a positive at-risk amount after applying paragraph 111(1)(e) of the Act. You can carry it forward indefinitely.

Box 109: Previous loss carry forward eligible in the current year – This is the limited partnership loss from previous years that you can claim in the current year. Claim it on line 251 of your T1 return.

Box 113: Return of capital – This is the capital (including drawings) returned to you from the limited partnership. Use this amount to reduce the adjusted cost base of your limited partnership interest.

Canadian and foreign net business income (loss)

Tax Shelter – If the partnership is a tax shelter, you should only receive a T5013 slip.

Multiple jurisdictions – If the partnership allocated income from more than one province or territory, the second box will show a two-letter province or territory code. If the income is from a foreign country, the box will show a three-letter country code.

Box 020: Total business income (loss)

Box 114: Other income – Enter this amount on line 130 of your T1 return.

Box 115: Type of other income – Enter this description in the "Specify" area for line 130 of your T1 return.

Box 116: Business income (loss) (Multi-jurisdictional) – Enter this amount on line c on page 3 of Form T2125, Statement of Business or Professional Activities, and report the income on line 135 of your T1 return. The gross amount is in box 118. If you are a partner not actively involved in the partnership, and not otherwise involved in a business or profession similar to that carried on by the partnership, report your share of the net income or loss on line 122 of your T1 return.

Box 118: Gross business income (Multi-jurisdictional) – Enter this amount on line 162 of your T1 return.

Box 119: Foreign business income that is exempt from Canadian tax due to a tax convention or agreement (Multi-jurisdictional) – This amount is included in box 116. Use this amount to calculate your foreign tax credit for the country named. See line 405 in your T1 guide and forms T2209 and T2036.

Box 120: Professional income (loss) (Multi-jurisdictional) – Enter this amount on line c on page 3 of Form T2125, Statement of Business or Professional Activities, and report the income on line 137 of your T1 return. The gross amount is in box 121.

Box 121: Gross professional income (Multi-jurisdictional) – Enter this amount on line 164 of your T1 return.

Box 122: Commission income (loss) (Multi-jurisdictional) – Enter this amount on line c on page 3 of Form T2125, Statement of Business or Professional Activities, and report the income on line 139 of your T1 return. The gross amount is in box 123.

Box 123: Gross commission income (Multi-jurisdictional) – Enter this amount on line 166 of your T1 return.

Box 124: Farming income (loss) (Multi-jurisdictional) – Enter this amount on line d on page 3 of Form T2042, Statement of Farming Activities, or on the appropriate AgriStability and AgriInvest form. You could have a restricted farm loss.

Box 125: Gross farming income (Multi-jurisdictional) – Enter this amount on line 168 of your T1 return.

Box 126: Fishing income (loss) (Multi-jurisdictional) – Enter this amount on line c on page 2 of Form  T2121, Statement of Fishing Activities.

Box 127: Gross fishing income (Multi-jurisdictional) – Enter this amount on line 170 of your T1 return.

Box 149: Total business income (loss) from an active business carried on in Canada – Report the information on a T2 Corporation Income Tax Return.

Box 150: Canadian manufacturing and processing profits under subsection 125.1(3) – Report the information on a T2 Corporation Income Tax Return.

Canadian and foreign investments and carrying charges

Tax Shelter – If the partnership is a tax shelter, you should only receive a T5013 slip.

Box 110: Canadian and foreign net rental income (loss) (Multi-jurisdictional) – Enter this amount on line 18 on page 2 of Form T776, Statement of Real Estate Rentals, and report the income on line 126 of your T1 return.

Box 111: Foreign net rental income (loss) (Multi-jurisdictional) – These amounts are included in box 110. Use these amounts to calculate your foreign tax credit for the country named. See line 405 in your T1 guide and forms T2209 and T2036.

Box 112: Foreign net rental income that is exempt from Canadian tax due to a tax convention or agreement (Multi-jurisdictional) – These amounts are included in box 110 or in box 107, whichever applies to your partner code. Use these amounts to calculate your foreign tax credit for the country named. See line 405 in your T1 guide and forms T2209 and T2036.

Box 117: Gross Canadian and foreign rental income – Enter this amount on line 160 of your T1 return.

Box 128: Interest from Canadian sources – Enter this amount on line 121 of Worksheet for the return.

Box 129: Actual amount of dividends (other than eligible dividends) – This is the actual amount of dividends (other than eligible dividends) paid by corporations resident in Canada. The taxable amount of these dividends and the federal dividend tax credit appear in boxes 130 and 131 respectively.

Box 130: Taxable amount of dividends (other than eligible dividends) – This is the taxable amount of dividends (other than eligible dividends) for partners that are individuals resident in Canada (other than a trust that is a registered charity), including partnerships and trusts that are eligible for the federal dividend tax credit. Enter this amount on line 180 of Worksheet for the return.

Box 131: Dividend tax credit for dividends (other than eligible dividends) – Include this amount on line 425 of Schedule 1.

Box 132: Actual amount of eligible dividends – This is the actual amount of eligible dividends paid by corporations resident in Canada. The taxable amount of eligible dividends and the federal dividend tax credit appear in boxes 133 and 134 respectively.

Box 133: Taxable amount of eligible dividends – This is the taxable amount of eligible dividends for partners that are individuals resident in Canada (other than a trust that is a registered charity), including partnerships and trusts that are eligible for the federal dividend tax credit. Enter this amount on line 120 of Worksheet for the return.

Box 134: Dividend tax credit for eligible dividends – Include this amount on line 425 of Schedule 1.

Box 135: Foreign dividend and interest income (Multi-jurisdictional) – Enter this amount on line 121 of Worksheet for the return.

Box 136: Foreign investment income that is exempt from Canadian tax due to a tax convention or agreement (Multi-jurisdictional) – This amount is included in box 135. Use the amount to calculate your foreign tax credit for the country named. See line 405 in your T1 guide and forms T2209 and T2036.

Box 137: Business investment loss – This amount is your gross business investment loss reported on line 228 of your T1 return. Use the amount to calculate your allowable business investment loss deduction for line 217, using "Chart 6 – How to claim an allowable business investment loss" in your T4037, Capital Gains guide. Complete Step 4 in Chart 6 with the following information when you use box 137 amount to calculate your allowable business investment loss deduction.

Box 138: Name of the small business corporation

Box 139: Number and class of shares, or type of debt owed by the small business corporation

Box 140: Insolvency, bankruptcy, or wind-up date

Box 141: Date the partnership bought the shares or acquired the debt

Box 142: Proceeds of disposition

Box 143: Adjusted cost base of the shares or debt

Box 144: Outlays and expenses on the disposition

Box 145: Dividend rental arrangement compensation payments – Enter this amount on line 221 of Worksheet for the return.

Box 146: Other investment income – Report this amount in Area II (line 121) of Worksheet for the return.

Box 147: Type of investment income – You need this information to calculate adjusted taxable income for calculating the alternative minimum tax on Form T691, Alternative Minimum Tax.

Box 210: Total carrying charges (Multi-jurisdictional) – This amount is your share of the carrying charges for earning all investment income. In the case of limited partners, only the amount that is not restricted by the at-risk rules is included in box 210. Enter on line 221 of Worksheet for the return only those carrying charges that are not used to arrive at any net income (loss) reported in another box.

Footnotes for box 210
Amounts in boxes 211 to 216 are included in box 210.

Box 211: Carrying charges on interest and dividend income.

Box 212: Carrying charges on rental income.

Box 213: Carrying charges on film property.

Box 214: Carrying charges on resource property and flow-through shares.

Box 215: Carrying charges for acquiring an interest in a partnership of which you are a limited or non-active partner, or which owns a rental or leasing property or a film property.

Box 216: Carrying charges (Multi-jurisdictional) – other.

Other amounts and information

Tax Shelter – If the partnership is a tax shelter, you should only receive a T5013 slip.

Box 030: Total capital gains (losses)

Box 151: Capital gains (losses) – Enter this amount on line 174 of Schedule 3.

Box 152: Last fiscal period's capital gains reserve allocated in the previous year and brought into income for the current year – Use this information to complete Part 1, Section D of Form T2017, Summary of Reserves on Dispositions of Capital Property.

Box 153: Qualified small business corporation shares (QSBCS) capital gains (losses) amount eligible for the capital gains exemption – Report this amount at Line 107 of Schedule 3.

Box 154: Qualified farm or fishing property (QFFP) capital gains (losses) amount eligible for the capital gains exemption – Report this amount at Line 110 of Schedule 3. Use the breakdown provided by the partnership to fill in Line 274 of Schedule 3 for dispositions before April 21, 2015.

Box 155: Capital gains (losses) from QFFP mortgage foreclosures and conditional sales repossessions eligible for the capital gains deduction – Report this amount at Line 124 of Schedule 3. Use the breakdown provided by the partnership to fill in Line 275 of Schedule 3 for the amount of gains realized before April 21, 2015.

Box 156: Foreign capital gains (losses) (Multi-jurisdictional) – Use this information to calculate the foreign tax credits on foreign business and non-business income for the country identified by the three-letter code for this box. See line 405 in your T1 guide and forms T2209 and T2036.

Box 157: Foreign capital gains exempt from Canadian tax due to a tax convention or agreement (Multi-jurisdictional) – Use this information to calculate the foreign tax credits on foreign business and non-business income.

Box 159: Capital gains reserves – Use the breakdown provided in boxes 163 and 165 to complete Form T2017, Summary of Reserves on Dispositions of Capital Property.

Box 222: Prior year reserves from qualified farm or fishing property (QFFP) – Use this year information to complete Part 1, Section A of FormT2017.

Box 223: Current year reserves from qualified farm or fishing property (QFFP) – Use this information to complete Part 1, Section A of FormT2017.

Box 224: Prior year reserves from qualified small business corporation shares (QSBCS) – Use this information to complete Part 1, Section B of FormT2017.

Box 225: Current year reserves from qualified small business corporation shares (QSBCS) – Use this information to complete Part 1, Section B of FormT2017.

Box 163: Capital gains reserve from other property – Use this information to complete Part 1, Section D of Form T2017.

Box 165: Capital gains reserve from non-qualifying securities the partnership donated to a qualified donee – Use this information to complete Part 1, Section D of Form T2017.

Box 166: Capital gains reserve from gifts of non-qualifying securities – Eligible amount – Use this information to complete Part 1, section D of Form T2017.

Box 167: Capital gains reserve from gifts of non-qualifying securities – Advantage – We use this information to reconcile reported amounts.

Box 168: Income tax deducted – Enter this amount on line 437 of your T1 return.

Box 169: Part lX.1 tax – Do not enter this amount on line 437 or any other line of your T1 return.

Box 170: Taxable non-portfolio earnings (TNPE) – Do not enter this amount on line 437 or any other line on your T1 return.

Box 171: Foreign tax paid on non-business income (Multi-jurisdictional) – Use this amount to calculate your foreign tax credits on your foreign non-business income on Form T2209. For details, see line 405 in your T1 guide and Form T2036.

Box 172: Foreign tax paid on business income (Multi-jurisdictional) – Use this amount to calculate your foreign tax credits on your foreign business income on Form T2209. For more information, see line 405 in your T1 guide.

Box 040: Capital cost allowance – This is your share of capital cost allowance that the partnership used to arrive at the net income (loss) in boxes 114, 116, 120, 122, 124, and 126. Do not deduct this amount again. Use this amount to calculate your adjusted taxable income for Form T691, Alternative Minimum Tax.

Box 220: Capital cost allowance (CCA) for rental or leasing property – If you also own other rental property as a proprietor, combine your share of partnership rental income (loss) with the total of your own rental income (loss) after expenses, but before CCA. You may then claim CCA on your own rental buildings only to the extent of the combined rental income, if any. Calculate your CCA in Area A of Form T776, Statement of Real Estate Rentals.

Box 221: Capital cost allowance for film property

Boxes 173 to 176 and 179 to 181 Use Form T1229, Statement of Resource Expenses and Depletion Allowance.
If your CCOGPE pool has a negative balance, use that amount to reduce your CCDE pool. If your CCEE or CCDE pools have a negative balance, report the negative amount as income on line 130 of your T1 return. For more information, call 1-800-959-5525.

Box 173: Canadian exploration expenses (CEE) other than Canadian renewable and conservation expense (CRCE) – Use this amount to calculate your allowable deduction for your cumulative Canadian exploration expense (CCEE) pool on Form T1229. Add it at the line called "Other resource expenses" in Area II for your CCEE pool. The maximum you can deduct is 100% of the CCEE pool balance.

Box 206: Canadian renewable and conservation expenses (CRCE) – Use this amount to calculate your allowable deduction for your cumulative Canadian exploration expense (CCEE) pool on Form T1229. Add it at the line called "Other resource expenses" in Area II for your CCEE pool. The maximum you can deduct is 100% of the CCEE pool balance. For corporations, add this amount to line 217 called "Add: Canadian renewable and conservation expenses" of your Schedule 12.

Box 174: Canadian development expenses (CDE) – Use this amount to calculate your allowable deduction for your cumulative Canadian development expense (CCDE) pool on Form T1229. Add it at the line called "Other resource expenses" in Area II for your CCDE pool. The maximum you can deduct is 30% of the CCDE pool balance.

Box 175: Canadian oil and gas property expenses (COGPE) – Use this amount to calculate your allowable deduction for your cumulative Canadian oil and gas property expense (CCOGPE) pool on Form T1229. Add it at the line called "Other resource expenses" in Area II for your CCOGPE pool. The maximum you can deduct is 10% of the CCOGPE pool balance.

Box 176: Foreign exploration and development expenses (FEDE) (Multi-jurisdictional) – Add the amount in Area III on Form T1229 for your cumulative foreign exploration and development expense pool.

Box 177: Recapture of earned depletion – This is your share of the recapture of earned depletion that the partnership used to arrive at the net income (loss) in boxes 114, 116, 120, 124, and 126. We use this amount. Do not add it to income again.

Box 179: Assistance for Canadian exploration expenses – Use this amount to calculate your allowable deduction for your cumulative Canadian exploration expense (CCEE) pool on Form T1229. Add the amount at the line called "Assistance" in Area II for your CCEE pool. The maximum you can deduct is 100% of the CCEE pool balance.

Box 180: Assistance for Canadian development expenses – Use this amount to calculate your allowable deduction for your cumulative Canadian development expense (CCDE) pool on Form T1229. Add the amount at the line called "Assistance" in Area II for your CCDE pool. The maximum you can deduct is 30% of the CCDE pool balance.

Box 181: Assistance for Canadian oil and gas property expenses – Use this amount to calculate your allowable deduction for your cumulative Canadian oil and gas property expense (CCOGPE) pool on Form T1229. Add the amount at the line called "Assistance" in Area II for your CCOGPE pool. The maximum you can deduct is 10% of the CCOGPE pool balance.

Box 182: Eligible amount of charitable donations – Enter this amount on line 1 of Schedule 9.

Box 183: Eligible amount of cultural and ecological gifts – Enter this amount on line 342 of Schedule 9. For details, see your T1 guide.

Box 184: Eligible amount of federal political contributions – Enter this amount on line 409 of Schedule 1 to claim a federal political contribution tax credit.

Box 185: Eligible amount of provincial and territorial political contributions (Multi-jurisdictional) – Enter the political contributions on the appropriate provincial or territorial form.

Box 207: Eligible amount of municipal political contributions (Multi-jurisdictional) – Corporate partners may be able to claim a municipal tax rebate based on these contributions. Individual partners who are residents of Quebec may be able to claim a tax credit on their provincial income tax return for these amounts.

Box 208: Eligible amount of medical gifts – Corporate partners report this amount on a T2 Corporation Income Tax Return.

Box 209: Part Xll.2 Tax Credit – Enter this amount on line 456 of your T1 Return.

Boxes 186 to 189 – Investment tax credit allocated from the partnership (Multi-jurisdictional) – Complete Form T2038(IND), Investment Tax Credit (Individuals), and attach it to your T1 return. You need the following information to complete Form T2038(IND) when you use the amount in box 186 to claim an investment tax credit.

For individuals or trusts: If the type code in box 189 is 4B, enter the credit amount shown in box 186 or 187 on line 6725 of Form T2038. For all other type codes, divide the credit amount shown in box 186 or 187 by the ITC rate that applies to the ITC type code identified in box 189, and enter the resulting amount on the appropriate line of Form T2038.

Type Code and Rate
Type Code Rate
6 – Apprenticeship job creation tax credit 10%
7 – ITC for child care spaces 25%
12 – Qualified property or "transitional rate" qualified resource property 10%

Box 187: Investment tax credit transferred under subsection 127(8.3) – This is the investment tax credit for the fiscal period that the partnership transferred to you under subsection 127(8.3).

Note

If you are not a limited partner, you can choose to renounce the investment tax credit (ITC) for the fiscal period that the partnership transferred to you under subsection 127(8.3). If you make this choice, complete Form T932, Election by a Member of a Partnership to Renounce Investment Tax Credits Pursuant to Subsection 127(8.4).

Box 188: Excess ITC recapture – Include the excess ITC recapture on the corresponding line in the section for Recapture of ITC on SR&ED expenditures in Part C of Form T2038(IND), Investment Tax Credit (Individuals), or on Form T2SCH31, Investment Tax Credit – Corporations, whichever applies.

Box 189: ITC Type Code – Use this code when completing Form T2038(IND).

Renounced Canadian and development expenses

Use Form T1229, Statement of Resource Expenses and Depletion Allowance, to calculate your allowable deduction for your resource expense pools.

Box 190: Renounced Canadian exploration expenses – Use this amount to calculate your allowable deduction for your Canadian exploration expense (CEE) pool on Form T1229. Add it in Area I for your CEE pool.

Box 191: Renounced Canadian development expenses – Use this amount to calculate your allowable deduction for your Canadian development expense (CDE) pool on Form T1229. Add it in Area I for your CDE pool.

Box 192: Assistance for Canadian exploration expenses – Use this amount to calculate your allowable deduction for your Canadian exploration expense (CEE) pool on Form T1229. Add it in Area I for your CEE pool.

Box 193: Assistance for Canadian development expenses – Use this amount to calculate your allowable deduction for your Canadian development expense (CDE) pool on Form T1229. Add it in Area I for your CDE pool.

Box 194: Expenses qualifying for an ITC – Enter this amount in Area I on Form T1229.

Box 195: Portion subject to an interest-free period – ITC – Enter this amount in Area I on Form T1229.

Box 196: Portion subject to an interest-free period – CEE – Enter this amount in Area I on Form T1229.

Boxes 197 to 200  The amounts in boxes 197 to 200 are Canadian exploration expenses (mining only) that qualify for a provincial tax credit for individuals. Your province may require you to be a resident at the end of the calendar year in that province where the expenses qualify for that credit.

Box 197: Expenses qualifying for a provincial tax credit – BC – You need this information to calculate provincial tax credits.

Box 198: Expenses qualifying for a provincial tax credit – SK – You need this information to calculate provincial tax credits.

Box 199: Expenses qualifying for a provincial tax credit – MB – You need this information to calculate provincial tax credits.

Box 200: Expenses qualifying for a provincial tax credit – ON – You need this information to calculate provincial tax credits.

Tax shelter information

Tax Shelter – Other provisions of the Act may apply to reduce any loss from the tax shelter that you can claim. For example, the at-risk amount provisions in subsection 96(2.2) of the Act may apply.

Use Form T5004, Claim for Tax Shelter Loss or Deduction, to claim your loss or deduction shown in the boxes on this slip. Attach Form T5004 and a copy of this slip to your T1 return.

Box 201: Number of units acquired – This is the number of units in the tax shelter that you bought in the year.

Box 202: Cost per unit – This is the cost of each unit in the tax shelter that you bought.

Box 203: Total cost of units – The total cost is the number in box 201 multiplied by the amount in box 202.

Box 204: Other indirect reductions – We use this information to reconcile reported amounts.

For more information

What if you need help?

If you need more information after reading this information sheet, go to Partnership information return filing requirements or call 1-800-959-5525. To get our forms and publications, go to Forms and publications or call 1-800-959-8281.

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