A 2019 update for Partnerships that is important for Tax professionals including how to maximize the T5013
Partnership Income (T5013) can be tricky—especially when it comes to correctly completing the form and navigating the more complex areas like allocating the Small Business Deduction (SBD) Limit. This course is designed to help tax professionals and preparers gain clarity on the key requirements, common pitfalls, and best practices related to T5013 reporting.
You’ll explore how partnership income impacts corporate tax filings, how to assign the SBD limit among partners, and how to ensure compliance with CRA expectations. Whether you're new to partnership filings or looking for a refresher, this course provides practical guidance and the confidence to handle even the most challenging aspects of the T5013 return.
Accounting Consultant CPA; CGA, Published Author, Professor, HuffPost Guest Blogger, Award Winning Writer
Designated Accountant with over 15 years experience within technology, 3PL, and SaaS industries. Proven track record of project management specialized in revenue optimization strategies, expense reduction, process improvement delivery and implementation. Results driven through use of technology integration to create synergies throughout company wide business units to support delivering financial and non-financial optimization and recovery of assets and resources.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
