Line 122 - Net partnership income: Limited or non-active partners only

Enter on line 122 your share of the net income or loss from a partnership if the partnership did not include a rental or farming operation and you were either:

• a limited partner; or
• not actively involved in the partnership and not otherwise involved in a business or profession similar to that carried on by the partnership.

Report your net rental income or loss from a partnership on line 126. Report your net farming income or loss from a partnership on line 141.

If none of the above applies to you, enter your share of the partnership's net income or loss on the applicable self-employment line of your return (see lines 135 to 143).

Note
If the partnership has a loss, the amount you can claim could be limited. For details, contact us.

If you have a tax shelter, see "Tax shelters" on page 12.

How to report

• Complete Part III of Schedule 4.
• Attach to your paper return a T5013 slip. If you did not receive one, attach a copy of the partnership's financial statement. See lines 135 to 143 for more details.

Note
You may have to make Canada Pension Plan contributions on the net income you report on line 122. See line 310 for details.

Certified feature films and certified productions

You may have invested in a Canadian certified feature film or certified production for reasons other than to earn income from a business. If so, and if you want to claim capital cost allowance, you have to file with your paper return a T1-CP slip, Statement of Certified Productions, which the producer issues. Otherwise, we may disallow your claim. Use the back of the slip to calculate your claim.