Line 251 – Limited partnership losses of other years

If you had limited partnership losses in previous years that you have not already deducted, you may be able to claim part of these losses this year. For details, contact us.

You can carry forward limited partnership losses indefinitely. If you claim these losses, attach to your paper return a statement showing a breakdown of your total losses, the year of each loss, and the amounts deducted in previous years.

Note

You cannot use the amount in box 31 of your T5013 slip for 2005 on your tax return for 2005.

Completing your tax return

Determine how much from Box 31 of your prior year T5013 slips you can enter on Line 251 of your current year tax return. Read the "Instructions" area and see the "Details" area of the T5013 for more information.

Forms and publications

• General Income Tax and Benefit Guide
• Schedule 4, Statement of Investment Income
• Statement of Partnership Income (T5013)
• IT232R3, Losses – Their deductibility in the loss year or other years

Related topics

• Line 122 – Net partnership income: limited or non-active partners only