General information

As a partnership, you must file the Partnership Information Return (TP-600-V) for any fiscal period in which you were in one of the following situations:

• You carried on a business in Québec.
• You carried on a business in Canada, outside Québec, and one of your members was an individual or trust resident in Québec or a corporation with an establishment in Québec.
• Because of your investment in flow-through shares, resource expenses were renounced to you or amounts of assistance were allocated to you, and you then had to pass on these expenses and amounts to your members.
• All of your members were resident in Canada, and one of your members was an individual or trust resident in Québec or a corporation with an establishment in Québec.

You must issue an RL-15 slip to each of your members, indicating the member's share of partnership income (or losses), capital gains (or losses), deductions and other amounts. For further information, see the section Documents to be filed with the partnership return.

A partnership return filed by one of the members of the partnership is deemed to have been filed by all members. Thus, when a partner files the partnership return for a fiscal period, the other partners are not required to file the return for the same period.

Since Revenu Québec may assess a partnership's income (or loss) for a particular fiscal period, one of the members of the partnership should be named the designated partner. This should be clearly indicated on the return filed for that period. As a rule, the designated partner is the only person authorized to file an objection in respect of an assessment.

Note

An investment club that is not  a partnership, a trust, or a corporation, but that elects to be considered a partnership in order to facilitate the calculation of the income of the club members, must file the partnership return.

Forms

RL-15
RL-15 slip (French only) – Montants attribués aux membres d'une société de personnes

TP-600-V
Partnership Information Return