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L
laurie.ih105
March 30, 2025
Question

If I have a Schedule K-1 from a taxable account but no T5013, do I have to report this under "limited partnerships not reported on a T5013"?

  • March 30, 2025
  • 1 reply
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The Schedule K-1 form shows only losses. I have no equivalent T5013.

    1 reply

    T
    TurboImpotVeronique
    April 2, 2025

    The Canadian equivalent of Schedule K-1 is the T5013. K-1 splits partnership earnings so that earnings can be taxed at an individual income tax rate instead of the corporate tax rate. 

     

    We suggest you to contact CRA to exactly where in your return you have to enter this information.

     

    Contact the Canada Revenue Agency (CRA)
     

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