T5013 - Statement of partnership income

Entering this Amount

Entering T5013 slip information

Enter this information in the T-Slips and Receipts entry window.

Using the T-slips entry screen.

Some boxes on this slip are either non-taxable or are automatically calculated by TurboTax according to the CRA's guidelines. Boxes on the slip that you cannot enter into TurboTax are shown for your information only and do not need to be entered.

Frequently Asked Questions

What tax return do I report partnership income on?

What tax return do I report partnership income on?

Partnership income is reported on the following forms. Partners that are:


  • individuals: report the information on your personal income tax return.

  • corporations or trusts: report the information on either Form T2, Corporation Income Tax Return, or Form T5013, Trust Income Tax and Information Return, whichever applies. (This product does not support these forms.)

  • partnerships: with six or more partners in the fiscal year, or fewer than six but one or more partners is another partnership, must file a Partnership Information Return (PIR).

    When is the Partnership Information Return due?

What if I have additional expenses?

What if I have additional expenses?

You may need to adjust your share of the net partnership income or loss shown on your Form T5013 Supplementary. Do this to deduct any business expenses you incur for which the partnership did not repay you, and any other deductible amounts. Enter these business expenses on page one of the appropriate self-employment form. (i.e. T2125, T2042, T2121) or rental income form (T776).

For more information, see the CRA publications T4068, Guide for the Partnership Information Return, or Information Circular IC89-5, Partnership Information Return. Also refer to the information on the back of your T5013 form.

CRA Forms and publications

What if the T5013 amounts are not in Canadian dollars?

What if the T5013 amounts are not in Canadian dollars?

If there are any amounts on your T5013 slip that are reported in a foreign currency (e.g., in U.S. dollars), you must convert them to Canadian dollars before you enter them.

If you received the amount on a certain day and you know the exchange rate for that day, use it. For example, if you received a capital gain, use the rate at the time the gain was realized.

However, if you received the amount over time, use the average exchange rate over the period (daily, monthly, or annually) in which the income was earned. To find the average exchange rate, To find the average exchange rate, see the Bank of Canada's Exchange Rates web page..

TurboTax allows foreign income from three countries. They are described in the Source Country list as U.S.A, Country #2, and Country #3. Choose one of these options for this income.