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The Charter of the French language and its regulations govern the consultation of English-language content.

Partnerships – Mandatory or Preventive Disclosure

The following transactions are subject to mandatory disclosure:

  • confidential transactions, transactions involving conditional remuneration and transactions involving contractual coverage where any of those transactions result (either directly or indirectly) in a tax benefit of $25,000 or more for each member of the partnership or have an impact of $100,000 or more on the partnership's income;
  • specified transactions.

Each member of a partnership (or, for a limited partnership, each general partner) that carries out such a transaction must disclose the transaction (see the note below).

Advisers and promoters must make a mandatory disclosure for a transaction they commercialized or promoted where the form and substance of the facts concerning the transaction are very similar to those of the facts of a transaction determined by the Minister and published in the Gazette officielle du Québec. The transaction must not have required a significant change in its form or substance when implemented for different taxpayers or partnerships. If the adviser or promoter is a partnership, one of the partners must disclose this information (see the note below).

If a partnership is party to a nominee agreement with tax consequences, each member of the partnership must file a mandatory disclosure for the agreement (see the note below).

Members of a partnership can also make a preventive disclosure for any transaction that a partnership of which they are a member has carried out.


A mandatory or preventive disclosure made by one member of a partnership, whether it is a limited partnership or another partnership, is deemed to have been made by each member of the partnership.

End of note

For more information, refer to one of the following forms:

  • TP-1079.DI-V, Mandatory Disclosure of a Confidential Transaction or a Transaction Involving Conditional Remuneration or Contractual Coverage;
  • TP-1079.CP-V, Mandatory Disclosure of Tax Planning by an Adviser or Promoter;
  • TP-1079.PN-V, Disclosure of a Nominee Agreement;
  • TP-1079.OD-V, Mandatory Disclosure of a Specified Transaction or Preventive Disclosure.
Note End of note

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