A T5013 slip reports your share of income from a partnership. Here's what you need to know:

To add your T5013 information to your return:

1. Add the Partnership Income section to your profile
2. Enter all relevant box amounts from your T5013 slip

Key points about partnership income:

• Partnerships don't pay income tax directly
• Each partner reports their share of the partnership's income or loss on their personal tax return
• You must report this income whether you received it in cash or as a credit to your capital account
• If your partnership had six or more partners, you'll receive a T5013 slip

Important notes:

• Different box numbers correspond to various types of income or deductions
• Some amounts may need to be reported on other schedules or forms
• Pay attention to the footnotes on your T5013 slip for additional instructions
• Wealthsimple Tax accepts T5013 boxes that are applicable to individual (T1) tax returns only. Some T5013 slips include amounts in boxes 247, 248, 249, or 250, which may appear as "invalid" or aren't accepted in Wealthsimple Tax. According to the CRA, these boxes are intended for corporate (T2) and trust (T3) filings and relate to EIFEL (Excessive Interest and Financing Expense Limitation) rules. As a result, they're not included as part of individual income tax reporting in Wealthsimple Tax.

Remember:

• Keep your T5013 slip and any related documents for your records
• If you have multiple T5013 slips, enter each one separately
• Some amounts may affect other calculations on your tax return (e.g. RRSP deduction limit)

If you're unsure about how to report specific amounts from your T5013, consider consulting with a tax expert or referring to the detailed CRA instructions for T5013 recipients.