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Frequently Asked Questions

About Limited Partnership Units

Why do I have a T5013 and slip?

T5013 reports income from Limited Partnership Units and tax-sheltered Limited Partnership Units. If you hold one of each type of security then you will receive one of each.


Why did I receive my T5013 so late?

Even though the federal government passed legislation effective tax year 2007 that requires publicly-held Limited Partnership issuers to report to financial intermediaries such as RBC Dominion Securities by the end of February, the nominal penalty for non-adherence to the deadline does not deter many issuers from filing information late or from filing subsequent amendments. You may still receive T5013 tax slips into March and April. In addition, privately-held Limited Partnerships have a later filing deadline of March 31. For this reason, if you hold any of these securities, we strongly suggest that you refer to your Important Information Regarding Outstanding Tax Documents, included in your T5 tax package, and wait for all of your tax slips before you file your tax return.


How should I report my T5013 income on my tax return?

The Canada Revenue Agency provides instructions on the back of each tax slip. The CRA also provides information on how to complete your tax return on their website (opens external website in new window). If you are having trouble filing your tax return, we encourage you to consult with a qualified tax advisor. Your Investment Advisor can answer any questions about tax documents issued by RBC Dominion Securities, however, your Investment Advisor cannot provide tax advice. Please contact your Investment Advisor if you need a referral to a qualified tax advisor.


I'm missing a T5013 slip for one of my Limited Partnership holdings. What should I do?

It is possible that the T5013 may be issued directly by the Limited Partnership. Please contact your Investment Advisor for assistance.


The book cost and consequently the gain/loss for the transaction of my Limited Partnership Unit is missing from the Summary of Security Dispositions. What can I do?

Dominion Securities purposely suppress the book cost of Limited Partnership Units and Flowthrough securities transactions on the Summary of Security Dispositions due to inherent tax functionality (i.e. Flowthrough) unique to these securities that can be used by the holder to adjust the cost of the position that may disqualify the cost base that Tax Operations applies. In light of this, these suppressed disposition transactions will be located in the “REPORTABLE TRANSACTIONS MISSING BOOK VALUES AND REQUIRE YOUR CALCULATION/INCLUSION” of the Summary of Securities Dispositions.


The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This information is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. This information is not intended as nor does it constitute tax or legal advice. Clients should consult their own accountant or other professional advisor for more detailed tax related information. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. ®Registered trademark of Royal Bank of Canada. Used under licence. RBC Dominion Securities is a registered trademark of Royal Bank of Canada. Used under licence. ©Copyright 2017. All rights reserved.