T5013 Schedule 12 Partnership return vs Bill C-15 announcement

Program(s) affected: T5013 Document created: 05 12, 2026 Tax year(s): 2026, 2025 Document last modified: Version(s): 29.20 Problem status: Pending

How should the reaccelerated Canadian development expenses and reaccelerated Canadian oil and gas property expenses be reported on the T5013 Schedule 12 and the T5013 slip (instructions from CRA)?

How should a partnership report reaccelerated Canadian development expenses and reaccelerated Canadian oil and gas property expenses in its T5013 partnership information return?

–  Specifically, should these amounts be reported in designated fields within existing schedules, such as lines 262 and 362 in the T5013 Schedule 12, or treated as adjustments requiring separate disclosure?

The “reaccelerated” amounts should not be reported on lines 262/362 or any other designated fields within existing schedules and we will also not require the filer to adjust their returns for this tax year. Partnerships must report the partner’s share of lines 264 and 364 (if applicable) to their partners in a letter and keep a copy of said letters for their records. As of January 2027, we will be able to accept lines 264 and 364 in electronically filed returns but we will not require filers to amend their returns for the current tax year in that regard.

How should these amounts be reflected on the T5013 slips issued to partners?

–  For instance, should they be included with the partners’ share of resource expenses (Boxes 234 and 235), or disclosed in a distinct field or footnote?

Partnerships must report the partner’s share of lines 264 and 364 (if applicable) to their partners in a letter and keep a copy of said letters for their records. These amounts will not be reflected on the T5013 slips.