The T5013 slip, Statement of Partnership Income, is the information slip a partnership gives each partner to report their share of the partnership's income or loss for the fiscal period. You use it to report that share on your own return. Not every partnership has to issue one: it depends on the partnership's size and who its partners are.
If you're in a limited partnership, an investment club or a family business run as a partnership, this is your version of a T4. Everything below comes from the CRA's T5013 form page, Guide T4068 and its line 12200 page, as of October 2026.
Which partnerships must file and issue T5013 slips
A partnership that carries on business in Canada, or a Canadian partnership, must file a return and give partners T5013 slips if any of these apply:
- At the end of the fiscal period, revenues plus expenses, counted as absolute values, are more than $2 million, or it has more than $5 million in assets.
- At any time in the period it's a tiered partnership, meaning it has a partnership as a partner or is itself a partner in one.
- It has a corporation or a trust as a partner.
- It invested in flow-through shares of a principal-business corporation that renounced resource expenses to it.
- The minister asks for a return in writing.
Here's the catch with the $2 million test: you add total worldwide revenues and expenses together, rather than subtracting one from the other. In the CRA's example, a partnership with $1.5 million of revenue and $1.25 million of expenses earned only $250,000 but still has to file. The asset test uses the cost of all assets, before depreciation.
If your partnership doesn't have to file, you won't get a slip. You report your share from the partnership's financial statements instead, and attach a copy of them to a paper return.
Where the boxes go on your return
| T5013 box | Where it goes on your T1 |
|---|---|
| Box 104 | Line 12200, if you're a limited partner or a non-active partner |
| Box 107 | Line 12600, rental income |
| Box 101 | Line 14100, farming income |
| Box 103 | Line 14300, fishing income |
If you're an active partner, your share of business income goes on the self-employment lines of your return rather than line 12200, and you may also need a statement of business activities such as Form T2125. For rental partnerships, the CRA explains how to bring your share onto Form T776.
Deadlines for the slip
| Partners throughout the fiscal period | Return and slips due |
|---|---|
| All individuals, including trusts, and investment clubs | March 31 after the calendar year in which the fiscal period ended |
| All corporations | Five months after the end of the fiscal period |
| A mix | The earlier of March 31 after the year or five months after the period ends |
Your slip must be mailed, delivered or sent electronically to you no later than the day the partnership's return is due.
Limited partners and losses
If you're a limited partner, a loss on box 104 isn't automatically yours to use in full. You can deduct your share of a business or property loss only up to your at-risk amount at the end of the fiscal period. Anything above it becomes a limited partnership loss you can carry forward indefinitely and use in a later year when your at-risk amount is positive again.
What the partnership reports about you
The slip also identifies you. Box 002 holds a partner code, for example 0 for a limited partner, 2 for a general partner and 4 for a nominee or agent, and box 004 shows the type of partner: 1 for an individual other than a trust, 3 for a corporation, and 4 for an association, trust, club or partnership. If those codes are wrong, ask the partnership to amend the slip, because your partner type changes where the income goes and whether the at-risk rules apply.
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If you also own rental properties yourself, you combine your share of partnership rental income or loss with your own rental results before capital cost allowance, and you can only claim CCA on your own properties up to the combined net rental income.
Other things to check
- Net partnership income on line 12200 may mean you owe CPP contributions.
- If the partnership is a tax shelter and you're claiming deductions or losses, you'll need Form T5004.
- If the income was earned in another province or territory or outside Canada, you may need Form T2203 for multiple jurisdictions.
- The old T5013A slip is obsolete, so every partnership uses the T5013.
- Box 003 shows your country code; it should read CAN if you live in Canada, or the three-letter code of the country where you live.
The verdict
Read your T5013 for where each box goes before you type it into software: box 104 belongs on line 12200 only if you're a limited or non-active partner. If you're a limited partner with a loss, check your at-risk amount first. And if your partnership is small, has only individual partners and isn't tiered, don't wait for a slip that isn't coming. Ask for the partnership's financial statements instead, and keep them with your return, because they're what you'll rely on if the CRA asks how you worked out your share.
Frequently asked questions
What is a T5013 slip?
It's the Statement of Partnership Income, an information slip a partnership gives each partner to report their share of the partnership's income for the fiscal period.
Does every partnership have to issue T5013 slips?
No. Generally it's required when revenues plus expenses exceed $2 million or assets exceed $5 million, or the partnership is tiered or has a corporation or trust as a partner.
Where does box 104 of the T5013 go?
If you're a limited or non-active partner, enter your net partnership business income from box 104 on line 12200 of your return.
When is the T5013 due?
March 31 after the calendar year if all partners are individuals, five months after the fiscal period if all are corporations, and the earlier date in other cases.
Can a limited partner deduct a partnership loss?
Only up to the at-risk amount at the end of the fiscal period; the rest becomes a limited partnership loss that can be carried forward indefinitely.
