Preparing T5013 - Partnership Tax Return & Practice cases

The course provides an introduction to Canadian Partnerships. You will learn to prepare T5013 returns from start to finish The course includes 3 Real Client T5013 practice cases.



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Course Walkthrough

  • Pre-Requisite Course - Preparing Corporate Tax Ret...
  • General Information
  • Guide to Taxation of a Partnership - T5013
  • Income Tax Folio S4-F16-C1, What is a Partnership?
  • Guide for the Partnership Information Return (T5013 Forms)
  • Download the TaxPrep Form - Demo version (T5013)
  • Steps to Follow to prepare a Partnership Return
  • Case 1 - Scenario and casefacts
  • Create a New File using TaxPrep Forms software
  • Goto ID - Jump code and Complete the Client Identification
  • STEP 1 - Preparing T5013 - Complete the Client Identification - Legal Name, Business Number, Address, Province, Yearend and etc.
  • STEP 2 - Preparing T5013 - Goto T5013Fin - Jump code and Complete T5013 Financial - Partnership Return
  • Complete T5013 Financial - Partnership Return
  • STEP 3 - Complete GIFI
  • Excel copy of the Financial Statements
  • SAMPLE GIFI 100, 125 and 141
  • STEP 4 - Prepare applicable tax schedules
  • Schedule 1 (Book-tax adjustments) and Schedule 8 (CCA)
  • STEP 5 - Prepare the Worksheets
  • Copy of T5013 - Worksheet A and Worksheet B
  • STEP 6 - Final Step is to complete T5013 slips
  • T5013 - data entry forms for each partner
  • T5013 Slips for each partner
  • T5013 Summary Form
  • Scenario A - Detailed case facts for preparing T5013 Case 1-A
  • Proposed Solution for Case 1 - Scenario A
  • Scenario B - Detailed case facts for preparing T5013 Case 1-B
  • Proposed Solution for Case 1 - Scenario B
  • CASE FACTSTop Realty Limited Partnership is a Limi...
  • CASE 2 - Top Realty Limited Partnership
  • STEP 1Complete the Client Identification - Legal N...
  • Client Identification
  • STEP 2Goto T5013Fin - Jump code and Comp...
  • T5013 Financial
  • STEP 3Complete GIFI - (based on attached excel fil...
  • T5013 GIFI
  • STEP 4Prepare the tax schedules Schedule 1 - ...
  • Tax Schedules 1 and 8
  • STEP 5Prepare the Worksheets T5013WSA - Works...
  • T5013 Worksheet A and B
  • STEP 6Final Step is to complete T5013 Slip - ...
  • T5013 - Data Entry From
  • FULL SOLUTION
  • T5013 Return - Full solution
  • Feedback / comments
  • Certificate: Preparing T5013 - Partnership Tax Return

What People Are Saying About Us

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"Excellent training - I found the hands-on practical experience very very useful"

Carol Miller, CPA student

"Very useful and practical courses, the instructor is very knowledgeable. Will definitely recommend to all CPA students"

Brandon Riley, CPA student

"The courses were very well structured and organized. Keep up the good work! I'd love to attend more sessions"

Jonathan Lawson, CPA student

"The step by step video tutorial is easy to follow and the case study that required marking and feedback. Overall a Brilliant Course!!"

Bruce Smith, CPA Student