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Corporate & Business Tax · Oshawa & Durham Region

T5013 partnership returns, prepared for every partner

Partnerships have their own filing obligations and their own complications. We prepare your T5013 partnership information return and the slips each partner needs, so everyone's share is reported correctly.

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Business partners reviewing a partnership tax return with a CPA in Oshawa4:5 image
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Partnership filings done right

Many partnerships must file a T5013 partnership information return and issue slips to the partners, who then report their share on their own returns. The rules about which partnerships must file can be confusing, and errors flow through to every partner. We handle the return and the slips accurately, so the whole partnership stays compliant.

What we help with

How it works

A clear, organized process that keeps your business compliant and on time.

Confirm

We confirm whether your partnership must file a T5013.

Compile

We gather the partnership's financial information.

Allocate

We allocate income and losses to each partner correctly.

File

We file the return and issue the partner slips.

Questions, answered

Does my partnership have to file a T5013?

Not every partnership must file, but many do — generally larger partnerships or those meeting certain financial thresholds, and those with corporate or partnership partners. We confirm whether yours is required to file.

What is a T5013 slip?

It's the slip issued to each partner showing their share of the partnership's income, losses, and other amounts, which they use to report on their own tax return.

When is the T5013 due?

The filing deadline depends on the partners' makeup — partnerships with only individual partners have a different deadline than those with corporate partners. We track the right date for your partnership.

How is partnership income taxed?

A partnership itself generally doesn't pay income tax; instead, income and losses are allocated to the partners, who report their share. Getting the allocation right matters for everyone.

Can you prepare the partners' personal returns too?

Yes. We can handle both the partnership return and the partners' individual returns, so the partnership amounts flow through correctly and consistently.

Serving businesses across Durham Region: Oshawa · Whitby · Ajax · Pickering · Courtice · Bowmanville · Clarington · Newcastle · Port Perry · Uxbridge.

Ready to talk about your business?

Book a free consultation and we'll review your corporate needs and map out a clear plan.

Book a free consultation