Partnerships Exempted from Filing an Information Return
If a partnership is not required to file the partnership information return, each individual who is a member of the partnership must complete Schedule L of the personal income tax return and enclose that schedule with his or her return. Each individual must also enclose:
- the partnership's financial statements for the fiscal period (or a copy of form TP-80-V, Business or Professional Income and Expenses); and
- the particulars concerning the amounts allocated.
For more information, consult the guide Business and Professional Income (IN-155-V).