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). 

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