Accountant for Partnerships in Ontario and Across Canada
We file your T5013, allocate income to each partner the right way, track the adjusted cost base of every partnership interest, and keep your limited-partner losses inside the at-risk rules. Whether you run a general partnership, a real estate limited partnership or a professional LLP, we prepare the partnership financials, issue the partner slips, and plan the income splits, rollovers and eventual incorporation — with AFFORDABLE flat fees.
AFFORDABLE Partnership Tax Accountant
A partnership itself pays no tax, but that is exactly what makes it dangerous: the income is computed once under section 96, allocated to the partners, and every mistake lands on the partners personally. A profit split CRA finds unreasonable, a missed T5013 Partnership Information Return, or an untracked adjusted cost base on a partner’s interest all turn into reassessments, penalties and deemed capital gains on individual returns. At Gondaliya CPA we are the partnership accountant that files the T5013 and partner slips, allocates income correctly under the agreement, and tracks each partner’s ACB and at-risk amount, with AFFORDABLE flat fees that keep every partner CRA-compliant.
As an experienced accountant for partnerships, we work with general partnerships, real estate limited partnerships, professional LLPs, and family partnerships and joint ventures across Ontario. We handle the year-round bookkeeping, the income-allocation schedules, the GST/HST, and the planning around draws, guaranteed payments and when converting to a corporation finally pays — so you deal with the same CPA team every year.
Let us handle the flow-through so you and your partners can focus on the business.
Our Official Partners
Accounting That Understands How a Partnership Actually Works
A partnership is a flow-through: it earns the income but never pays the tax, so everything depends on getting the allocation, the at-risk limits and each partner’s cost base right before the numbers land on personal returns. At Gondaliya CPA, we understand how a general partnership, a limited partnership and a professional LLP actually operate, and we build partnership-specific solutions across the GTA and all of Ontario.
Stay Compliant and Allocate Your Partnership Income the Right Way
For a partnership, staying onside with CRA and protecting every partner from a surprise reassessment are the same job. We keep the T5013, the slips and the GST/HST on schedule while allocating income exactly as the agreement provides, so nothing is missed and no partner is reallocated under section 103.
Accounting & Tax Experts for Partnerships
- AFFORDABLE + Fully Registered CPA Firm
- Partnership & T5013 Filing Specialists
- Limited Partnership & LLP Experts
- Income Allocation, At-Risk & ACB Tracking
- Certified CPA, CPA Ontario
- 1300+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Partnerships?
Tax Planning — Partnership & Allocation Expertise
We build a reasonable allocation that survives section 103, manage each limited partner’s at-risk amount, track the adjusted cost base of every interest, and plan the $1.25M Lifetime Capital Gains Exemption on a future sale of a partner’s interest.
Consulting — Partnership Bookkeeping
Our bookkeeping is built for partnerships: separate capital accounts for each partner, draws kept apart from guaranteed payments, allocation posted per the agreement, and the partnership’s GST/HST tied to the income on the T5013.
CRA Representation — Audit, Allocation & Cleanup
When CRA challenges a section 103 allocation, denies limited-partner losses under the at-risk rules, or assesses penalties on an unfiled T5013, we act as your authorized representative and pursue relief on Form RC4288.
Bookkeeping — Growth, New Partners & Conversion
We handle admitting a new partner, buying out a departing one, and modelling the profit level where converting to a corporation pays — then run the section 85 rollover of the partnership assets and interests.
Google Reviews
Partnership Clients
Partnership Tax and Accounting Services in Ontario
Partnership Tax Filing for Partnerships
T5013 Partnership Information Return and partner slips prepared accurately, with income computed under section 96 and each partner’s share reported right.
Accounting & Bookkeeping for Partnerships
Partner capital accounts, draws and guaranteed payments kept clean, with financial statements and monthly reporting built for a multi-partner business.
Tax Planning for Partnerships
Reasonable allocation, at-risk planning, ACB tracking, and Specified Partnership Income strategy so the group keeps the small business deduction it is entitled to.
Catch-Up Tax Filing for Partnerships
File overdue T5013 years, rebuild capital accounts, and get every partner back into CRA compliance with accurate catch-up support.
GST/HST Filing for Partnerships
The partnership is the registrant — we handle registration at the $30,000 threshold, filing, and every input tax credit you are owed.
Tax Cleanup for Partnerships
Rebuild a missing ACB, restate the at-risk amount, correct a misallocation, and address a negative-ACB gain through proper adjustments.
CRA Audit Resolution Services for Partnerships
Expert support for section 103 allocation audits, at-risk loss denials, unfiled T5013 penalties, and RC4288 taxpayer relief.
CPA Compilation Report (Notice to Reader) for Partnerships
CSRS 4200 compiled statements that lenders and LP investors accept for real estate syndication and partnership financing.
Incorporation Services for Partnerships
Convert the partnership to a corporation with a section 85 rollover of the partnership assets and interests, deferring the gain on transfer.
Catch-Up Bookkeeping Services for Partnerships
Rebuild the partnership ledger and every partner’s capital account, clean up draws, and bring the T5013 return, the partner slips and each partner’s own filing current.
US Corporation & LLC Tax Filing for Partnerships
Form 1120, treaty-based 1120-F and Form 5472 handled where the partnership has US operations, a US partner, or a US LLC sitting inside the structure.
Voluntary Disclosure Program for Partnerships
Come forward on unfiled T5013 information returns, unreported allocated income and unremitted GST/HST through a Form RC199 voluntary disclosure.
Accounting & Tax Services Tailored for Partnerships
Real, practitioner-level CPA expertise for general partnerships, limited partnerships, professional LLPs, and family partnerships and joint ventures across Ontario — built for how a flow-through entity actually works.
- We prepare the T5013 Partnership Information Return once your partnership crosses the $2 million absolute revenue-plus-expense test, mapping the numbers in TaxCycle so CRA does not assess a late-filing penalty of up to $2,400 against every partner on the file.
- Where partnership assets exceed the $5 million balance-sheet threshold, a T5013 return is mandatory even at a loss, and we file the GIFI schedules from your Sage 50 trial balance so CRA sees financials that reconcile to the ledger.
- Each partner receives a T5013 slip showing their allocated share of income, credits and CCA, and we issue every slip through the T5013 FIN summary before the deadline so a $2,500 per-partner slip penalty never reaches your partners.
- A partnership is not a taxpayer: it computes one income figure under section 96 and allocates it to the partners per the agreement, so we reconcile your QuickBooks Online net income to the T5013 return before a discrepancy over $1,000 triggers a CRA query.
- The $2 million test looks at revenues and expenses in absolute terms, not net profit, so a partnership grossing $1.3 million of income against $900,000 of costs already exceeds it, and we monitor the running total in TaxCycle so the T5013 filing is never missed.
- We maintain a separate capital account for each partner in Sage 50, opening it with their $50,000 capital contribution, adding the allocated profit share and reducing it for draws, so the partnership balance sheet ties to every partner’s adjusted cost base for CRA.
- Partner draws are not a deductible expense; a $120,000 draw is a withdrawal against capital, so we post it below the line in QuickBooks Online rather than the profit-and-loss, preventing an overstated deduction CRA would deny and reassess with interest.
- Unlike draws, guaranteed payments for a partner’s services are an allocation of partnership income reported on that partner’s T5013 slip, and we distinguish the two in Xero so a $60,000 guaranteed payment is taxed once, not mischaracterised into a CRA reassessment.
- We capture every partnership receipt through Hubdoc and attach it to the transaction, giving you the six years of records the Income Tax Act requires and supporting each CCA claim, so a $15,000 equipment deduction survives a CRA desk review.
- We build the partnership chart of accounts in Xero mapped to the GIFI codes the T5013 return needs, so a partnership turning over $800,000 files from a clean trial balance instead of paying us to reclassify entries every year.
- Section 103 lets CRA reallocate profit where the split is not reasonable, so if a family partnership hands a passive spouse 50% of a $200,000 profit for little work, we document contribution and hours before the allocation is challenged and reassessed.
- A limited partner can only deduct losses up to their at-risk amount; contribute $40,000 but get a $70,000 loss and the extra $30,000 is carried forward, so we track the at-risk balance so no loss is claimed twice against CRA.
- Your partnership-interest adjusted cost base rises with income and contributions and falls with draws and losses; we track it in TaxCycle because when the ACB turns negative CRA deems a capital gain, and a $25,000 negative balance becomes taxable that year.
- When a CCPC is a partner, Specified Partnership Income rules stop the partners from multiplying the $500,000 Small Business Deduction; we allocate one shared business limit across the partnership so two corporate partners do not each claim $500,000 and trigger a CRA reassessment.
- Each partner’s interest in an active partnership may qualify for the $1.25M Lifetime Capital Gains Exemption on sale, but only with clean ACB records; we plan the disposition years ahead so a $600,000 gain is sheltered rather than taxed by CRA.
- Each unfiled T5013 information return draws a penalty of $100 per month per partner to a $2,400 ceiling, so a four-partner partnership two years behind faces roughly $19,200; we file the oldest year first to stop the CRA clock.
- We reconstruct missing partnership books for every unfiled year from bank statements and Dext, rebuilding partner capital accounts and the income allocation so each late T5013 and partner slip is defensible instead of a guess exposing partners to a 50% gross-negligence penalty from CRA.
- Where the delay came from illness or a departed bookkeeper, we file an RC4288 taxpayer relief request covering the ten prior years, and on a partnership carrying $30,000 of accumulated T5013 penalties CRA can cancel the penalties and part of the interest.
- We rebuild each catch-up year in Xero with the partner allocation matching the partnership agreement, then file the back T5013 returns and slips together, so partners can finally file their own T2125 or T2 and unlock a stalled $250,000 mortgage.
- For a limited partnership two years behind, we restate each year’s at-risk amount so denied losses become a limited partnership loss carryforward rather than vanishing, preserving a $45,000 deduction the partners apply once the partnership returns to profit — all filed with CRA.
- The partnership itself is the GST/HST registrant, and it must register once taxable revenue crosses $30,000 in four consecutive quarters; we pin the exact day you pass it so CRA cannot assess uncollected HST on $30,000-plus of partnership billings.
- We register the partnership for its own GST/HST account under one Business Number, not the partners’ individual numbers, so input tax credits on a $12,000 equipment purchase flow to the partnership and CRA does not deny them for a name mismatch.
- We file the partnership’s GST/HST returns and reconcile line 101 to the operating income on the T5013, because CRA’s matching program flags any gap, and a $20,000 mismatch between the two is a fast route to a partnership audit.
- For a joint venture we file the GST/HST under a joint venture election so one operator remits on the whole project, splitting the operating income afterward; on a $500,000 development this avoids double-charged HST that CRA would otherwise chase.
- We capture partnership purchase invoices in Dext so every eligible input tax credit is claimed on the HST return, recovering the 13% Ontario HST on expenses — often $8,000 a year — that partnerships miss when receipts never reach the bookkeeper, avoiding a CRA clawback.
- We rebuild each partner’s adjusted cost base from inception where prior returns ignored it — layering contributions, allocated income, draws and losses year by year in Xero — so a later disposition is not overtaxed by CRA on a $90,000 phantom gain.
- When years of draws have pushed a limited partner’s ACB below zero, subsection 40(3.1) deems a capital gain; we quantify the negative ACB — say $35,000 — and report it correctly so CRA does not later add the gain plus a penalty.
- We reconcile every partner’s capital account back to the partnership agreement where a prior bookkeeper let draws and profit share drift, correcting a $28,000 imbalance in QuickBooks Online before CRA questions why the balance sheet never tied to the T5013.
- Where losses were split against the agreement, we correct the partnership loss allocation on amended T5013 slips so each partner’s share matches their entitlement, restoring a $22,000 loss to the partner who is actually entitled to it and closing the CRA exposure.
- We migrate a messy manual ledger into Sage 50 for the cleanup, rebuilding the trial balance and GIFI so the corrected T5013 and each partner’s revised slip file cleanly, and a $6,000 misclassified expense pool is finally deductible against partnership income for CRA.
- When CRA audits your income allocation under section 103, we assemble the evidence — hours worked, capital at stake, the partnership agreement — to defend a 70/30 split of $300,000 profit, because an unsupported allocation is reallocated and reassessed against each partner.
- Where CRA denies limited-partner losses under the at-risk rules in section 96(2.1), we recompute the at-risk amount from the true capital contribution and any at-risk financing, often restoring $50,000 of the denied loss the partner is genuinely entitled to deduct.
- A limited partner’s at-risk amount excludes non-recourse debt, so when CRA challenges a $80,000 loss claimed on borrowed money we test each dollar against the at-risk rules and settle the reassessment before it reaches the Tax Court.
- We act as your authorized representative on RepID for the full CRA partnership audit, answering every query on the T5013 and slips within the 30-day deadline, because a missed request can cost a $10,000 deduction that cannot be restored at objection.
- When a departing partner disputes their final partner profit share, we reconcile the allocation to the agreement and the capital accounts so the T5013 slips issued to all partners are consistent, avoiding amended returns and a $5,000 CRA reassessment across the group.
- For a real estate limited partnership raising capital, we prepare CSRS 4200 compilation statements that sit alongside the T5013, so investors and the lender see net asset value and each unit’s ACB; without them a $2 million syndication stalls at financing.
- Our CSRS 4200 compilation report for the partnership discloses that no audit or review was performed and reconciles to the T5013, the deliverable, built from your QuickBooks Online ledger, that a bank needs before advancing a $750,000 line.
- The compiled statement of financial position shows partnership retained earnings, partner capital and receivables across two fiscal years, giving a lender the trend a bare T5013 cannot, so a $400,000 equipment loan is approved on numbers, not guesswork.
- For a real estate limited partnership, the compilation reports rental and real estate limited partnership income, financing costs and each limited partner’s allocated share, so a lender refinancing a $3 million property sees numbers that reconcile to the T5013 slips.
- The Notice to Reader we compile for the partnership from your Xero file states clearly that it is unaudited, and because banks and the BDC reject a bare T5013, this report unlocks financing, often a $150,000 line, that partners cannot otherwise access.
- When the partnership converts to a corporation, we file the section 85 rollover on Form T2057 to move partnership assets, including vehicle Class 10 and goodwill Class 14.1, at elected amounts, deferring the capital gain a straight sale of a $500,000 asset base would trigger.
- We model the exact profit level where converting the partnership to a corporation pays: once retained profit clears roughly $150,000, the 12.2% small-business rate beats each partner’s personal rate, and we handle the CRA account transfers so no income is reported twice.
- Where a partner instead contributes property into the partnership, the section 97(2) rollover on Form T2059 defers the gain on that transfer, so a building worth $600,000 enters the partnership at cost and CRA does not tax the accrued gain today.
- After incorporating, if the corporation stays a partner we manage the Specified Partnership Income rules so the group shares one $500,000 business limit; we set the corporate partner’s T2 up correctly so CRA does not claw back the small business deduction.
- If instead you wind up the partnership, section 98 governs the distribution of partnership property to the partners, and we plan it so a $200,000 asset rollout does not trigger a deemed disposition and an avoidable CRA tax bill on dissolution.
- We reconstruct the partnership ledger for every unfiled year from bank statements and Dext, rebuilding a clean trial balance in QuickBooks Online so the single income figure computed under section 96 can be allocated to the partners on numbers that tie.
- Each partner’s capital account is rebuilt year by year — opening contribution, allocated profit share, then draws — so a $150,000 capital account reconciles to that partner’s adjusted cost base instead of drifting away from the partnership balance sheet.
- Draw cleanup comes next: a $90,000 partner withdrawal wrongly expensed in the profit and loss is reposted below the line against capital, because a draw is not a deductible expense and an overstated deduction invites a CRA reassessment with interest.
- With the books current we test each year against the $2 million absolute revenue-plus-expense test and the $5 million asset test, then file the T5013 Partnership Information Return and a T5013 slip for every partner where it is required.
- Because each partner reports their allocated share on their own return, we finish by handing every partner the restated figures their T1 and T2125 need, or the T2 where a corporation is one of the partners.
- Where your partnership owns a US operating subsidiary, we prepare its Form 1120 US corporate return and reconcile those results back to the partnership books, so the income allocated to each partner in Canada is complete and consistent.
- A corporate partner carrying on business in the United States files a treaty-based Form 1120-F, and we take the Canada-US treaty position limiting US tax to the profits attributable to a permanent establishment there.
- A US corporation that is 25% foreign-owned must file Form 5472 alongside its 1120; a missed 5472 carries a $25,000 penalty per form per year, so we log every reportable transaction between it and the partnership.
- A US LLC is a hybrid — flow-through for US purposes, a corporation to CRA — and we structure the holding and time the distributions so the US tax actually paid still supports a foreign tax credit on the partner’s Canadian return.
- Where a US person is one of your partners, we align their US reporting with the T5013 slip showing their allocated share, so the same $80,000 of partnership income is reported once on each side rather than taxed twice.
- We file the partnership’s disclosure on Form RC199, listing the unfiled T5013 information returns and every year affected, so the correction reaches CRA before an audit letter does and the exposure closes for all the partners at once.
- Acceptance turns on five conditions: the disclosure must be voluntary, it must be complete, it must involve a penalty or interest, it must include information at least one year overdue, and it must include payment of the estimated tax.
- Where a partner never reported their allocated share, the disclosure covers that partner’s own return too, because the partnership computes its income once and each partner reports their share whether or not the cash was ever drawn.
- Unremitted GST/HST is disclosed by the partnership itself, since the partnership is the registrant in its own name, so a $40,000 balance built up after taxable revenue passed the $30,000 threshold is brought current in the same application.
- CRA streams a disclosure into a general or a limited program track, and that decides how much relief follows, so we document why the partnership’s late T5013 filings and unremitted HST belong in the general track before we submit.
Partnership Tax & Allocation Check
Six quick questions on your T5013 filing, income allocation, at-risk losses and whether it is time to incorporate. No fee shown.
1. Has your partnership filed a T5013 Partnership Information Return where required?
2. Are you tracking the adjusted cost base of each partner’s interest?
3. Do you have limited partners claiming losses against their at-risk amount?
4. Does your income allocation match what the partnership agreement actually says?
5. Is the partnership over $2 million in combined revenue and expenses?
6. Are you considering converting the partnership to a corporation?
Free CPA Consultation for Partnerships
Case Studies: Partnership Accounting & Tax
Toronto Professional LLP — Allocation & T5013 Fixed
The problem: A four-partner professional LLP in Toronto had grown past the $2 million revenue-and-expense test but had never filed a T5013 Partnership Information Return, and its income allocation shifted year to year with no tie to the partnership agreement. Two junior partners were being allocated a larger profit share than their capital and hours supported — exactly the pattern CRA reallocates under section 103 — and no partner slips had ever been issued.
What we did: We rebuilt the books in Xero, set a defensible allocation documented against each partner’s billings, capital contribution and hours, and filed the T5013 return with a partner slip for every partner. We reconciled line 101 of the GST/HST to the operating income on the return so the two finally agreed, and put the LLP on a quarterly allocation review.
The result:
- Section 103 reallocation risk removed on $300,000 of profit
- Saved $16,800 a year by correcting the allocation across partners
- All T5013 slips issued on time; quarterly review in place
Mississauga Real Estate Limited Partnership — At-Risk & ACB Corrected
The problem: A Mississauga real estate limited partnership had passed through large losses to its limited partners for three years with no tracking of each partner’s at-risk amount, and years of draws had pushed one limited partner’s adjusted cost base below zero. The partners had deducted losses beyond what the at-risk rules in section 96(2.1) allow, and the negative ACB had quietly triggered a deemed capital gain nobody had reported.
What we did: We reconstructed every partner’s capital account and ACB from inception in Sage 50, restated the at-risk amount for each year, converted the disallowed losses into a limited partnership loss carryforward, and reported the negative-ACB gain correctly before CRA found it. We then set an annual ACB and at-risk schedule for each limited partner.
The result:
- Saved $41,000 by fixing the at-risk losses and ACB before reassessment
- Preserved a $58,000 limited partnership loss carryforward
- Negative-ACB gain reported correctly; penalties avoided
Ottawa Family General Partnership — Catch-Up T5013 & Cleanup
The problem: An Ottawa family general partnership between two spouses was three years behind on its T5013 filings, had never registered for GST/HST despite passing the $30,000 threshold, and was running everything through one commingled account. The unfiled information returns were accumulating a $100-per-month, per-partner penalty, and the income split had never been documented against the partnership agreement.
What we did: We reconstructed three years of books in QuickBooks Online with Dext, registered the partnership for GST/HST and back-filed the returns, rebuilt both capital accounts, and filed all outstanding T5013 returns and partner slips. We then filed an RC4288 taxpayer relief application for the accumulated penalties, supported by the medical reason behind the delay.
The result:
- $21,300 in T5013 penalties cancelled under Form RC4288
- Three years of returns filed; partnership back in CRA compliance
- GST/HST registered and back-filed with input tax credits recovered
Our clear, efficient process ensures every step is transparent, building trust and long-term relationships with every partner.
Kickoff (Document Request)
Collect the partnership agreement, prior T5013 returns, bank statements, capital accounts, and each partner’s details.
First 30 Days (Setup)
Set up QuickBooks Online or Xero, establish each partner’s capital account and adjusted cost base, and confirm the GST/HST position.
Monthly Close
Monthly reconciliations, receipt capture, HST tracking, and posting of draws and guaranteed payments by partner.
Quarterly Planning Review
Review the allocation, at-risk amounts, draws versus guaranteed payments, and the incorporation break-even check.
Year-End Close & T5013 Filing
Financial statements, income-allocation schedule, T5013 return and partner slips, and each partner’s return prepared.
Get Your Partnership Taxes Done Right Today
Affordable Pricing for Partnerships
We believe in clear, upfront pricing so you know exactly what to expect. All fees include HST.
- Tax Preparation (Partnership, T5013) — From $400
- Tax Return Filing (partner returns) — From $400
- Tax Compliance Audit — FREE CRA audit support for our clients
- Tax Strategy — FREE for our clients
- Accounting Base Plan — From $100 per month
- Bookkeeping Management — Free for our Accounting clients
- Financial Reporting — Free for our Accounting clients
- Business Formation — Flat $35
- Incorporation Process — Flat $35
- Entity Setup Assistance — Flat $35
- Full-Service Payroll — From $125 per month
Payment is by Interac e-Transfer to info@gondaliyacpa.ca only. Security question: Not Applicable, as auto-deposit is enabled.
Meet Your Lead Partnership Accountant
Meet your lead partnership accountant. As the tax adviser for your partnership and every partner in it, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from partnerships and business owners across Ontario and Canada.
Serving Partnerships Across Ontario
Our CPA team provides specialized accounting and tax solutions for general partnerships, limited partnerships and professional LLPs throughout Ontario. We understand how a flow-through partnership actually operates, how CRA reviews the T5013 and the income allocation, and when converting to a corporation stops being optional.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
2100 Camilla Rd #716, Mississauga, ON L5A 2J8
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Partnership Accounting & Tax FAQs
Related Industries We Serve
Accountant for Sole Proprietors
- T2125 and T1 filing for the self-employed
- HST registration and Quick Method
- When to move from proprietor to partnership
Accountant for Incorporated Businesses
- T2 corporate tax filing and planning
- Salary and dividend mix for owners
- Section 85 rollover from partnership to corporation
Accounting & Tax Services for Small Businesses
- Bookkeeping, payroll and financial statements
- GST/HST and CRA compliance
- Tax planning across every structure
Accountant for Investment Companies
- Investment and real estate limited partnerships
- T5013 and investment income reporting
- ACB, at-risk and capital gains planning
Partnership Accounting & Tax Done Right.
T5013 filing and partner slips, income allocation under the agreement, at-risk losses, adjusted cost base tracking, GST/HST, draws versus guaranteed payments, and the incorporation decision under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.