T5013: Statement of Partnership Income
Reviewed by EverStone CPA · August 2026
Quick answer: The T5013 is the partnership information return — the partnership itself pays no income tax, but it reports its income and allocates it to partners on T5013 slips. The deadline depends on who the partners are: March 31 if all are individuals, five months after year-end if all are corporations.
What the form is
A partnership is not a taxpayer — its income flows through to the partners, who each report their share. The T5013 return is how the CRA sees the whole picture: the partnership’s income, its allocations, and a slip for each partner showing their share.
The CRA’s partnership guide (T4068) governs the return. It is an information return — no balance owing travels with it — but it is still mandatory where the filing criteria are met, and it still carries late-filing penalties.
Each partner then files their own return — T1 for individuals, T2 for corporations — reporting the share shown on their slip, whether or not any cash was actually distributed.
Who files it
Not every partnership. The CRA sets filing criteria based on the partnership’s size and structure, and exempts some — farm partnerships made up only of individuals are exempt for the 2025 fiscal year, for example. The criteria are on the CRA’s filing-requirements page linked below.
In the small-business world the commonest T5013 filers are professional partnerships, real-estate co-ownerships structured as partnerships, and family businesses run by two or more people who never incorporated.
The form at a glance
| Item | Detail |
|---|---|
| Return | T5013 FIN with schedules, plus a T5013 slip per partner and the T5013SUM summary |
| Who files | Partnerships meeting the CRA’s filing criteria |
| Due — all individual partners | March 31 after the calendar year the fiscal period ended in |
| Due — all corporate partners | Five months after the end of the fiscal period |
| Due — mixed partners | The earlier of the two dates above |
What to have ready before you file
Most of the delay on these is not the form, it is assembling what the form asks for. Have the partnership’s financial statements for the fiscal period, each partner’s share ratio and capital account movement, every partner’s identification number, and the adjusted cost base history if any interests changed hands during the year to hand before starting.
Gathering it first also surfaces the problems early — a missing account number, a balance nobody has actually calculated, a date that does not line up — while there is still time to fix them rather than after a filing has been rejected.
What catches people out
The three-way due date is the trap. A partnership with even one corporate partner is no longer a simple March 31 filer — and one with a corporate partner and an individual partner takes the earlier deadline, which can land sooner than either rule alone suggests.
Partners owe tax on their allocated share, not on what was paid out. A partner who left profits in the business still reports them — the slip governs, not the bank transfer.
A partnership needs its own program account number to file. Registering it takes time, and first-year partnerships routinely discover this at the deadline rather than before it.
The due date depends on who the partners are: all individuals — March 31; all corporations — five months after the fiscal period ends; a mix of both — the earlier of the two. Applying the wrong rule is the commonest way this return goes late.
How it is filed
The partnership files one return per fiscal period — the T5013 FIN return with its schedules, plus a T5013 slip for each partner and the T5013SUM summary. It can be filed electronically, and each partner then reports their share of the income on their own return using the slip.
Whichever route applies, keep the filed return and the working papers behind it together. A return is only as defensible as the file that shows how the figures in it were arrived at, and that file is what a review asks for rather than the return itself.
Common questions
Does the partnership itself pay tax?+
When is the T5013 due?+
My partnership is small — do we have to file?+
What do I do with the T5013 slip I received?+
Where this comes from
- CRA — T5013 filing requirements
- CRA — T4068 Guide for the Partnership Information Return
- CRA — Penalty for accepting a late, amended or revoked election
General information current as of August 2026, not advice for your situation. Filing deadlines are unforgiving — confirm yours before you file. Please speak with a CPA about your circumstances.
Related reading
- Partnership tax returns in Canada
- Every CRA deadline in one place
- Salary vs dividends for owners
- All CRA forms we cover
Other CRA forms
Who does this work
A partnership return is really two jobs — the partnership’s own information return, and making sure each partner’s slip lands correctly on their personal or corporate return. Doing them together is what keeps the two consistent.
If that is where you are, the service page for partnership and corporate tax filings sets out what the engagement covers and how it is quoted.
These deadlines are date-driven and unforgiving. Email us before the deadline rather than after — we quote the work in writing first.
Email us about T5013