CCH iFirm Tax Forms 2021.20.31

TP-600-V - Partnership Information Return

Québec forms include the TP-600 return and its schedules, as well as the RL-15.

If you want to complete the Québec TP-600 return as well as the RL-15 slips of a partnership, select the check box Yes at the top of page 1 of Form T5013 Financial (Jump Code: T5013FIN).

Note: This check box is selected by the program if one of the following conditions is met:

The partnership’s province of residence is Québec.
One of the partnership’s partners is a resident of Québec.

The TP-600 return is applicable when Form T5013 Financial (Jump Code: T5013FIN) is applicable and the box Yes is selected on the line If you want to complete the Québec TP-600 return and RL-15 slips, check Yes at the top of Form T5013 Financial.

The TP-600 return displays the data that can come from Worksheet B (for example, the gross business income, on line 30, the net business income, on line 40, and the carrying charges and interest on line 54).

Schedule B, E and F of the TP-600 return use, for the most part, data entered in the following federal forms:

T5013 Schedule 8 (data used in Schedule B)
T5013 Schedule 52 (data used in Schedule E)
T5013 Schedule 1 (data used in Schedule F)

You can use overrides if required.

Schedule D is specific to Québec and only applies to partnerships whose members include one or more partnerships.

The RL-15 slip is completed with data entered in Worksheet B and the T5013/RL-15 Data entry screen, like the T5013 slip. The RL-15 slip (Jump Code: RL15SUPP) allows you to view each slip that has been completed. If you must make modifications, override the appropriate boxes on the T5013/RL-15 Data entry screen.

Note: In order for you to be able to complete boxes 24A, 24B and 24C of the RL-15 slip, the following requirements must be met:

the partner must be a corporation (code 3 must have been selected at box 41, Taxpayer code); and
you must have completed Schedule D, Member Corporations’ Share of the Paid-Up Capital (Jump Code: TP600SD).

Once these two conditions are met, the program will calculate the share of each member corporation in the debts, qualified property and the total assets.

Copy 1 of the RL-15 slip must be filed at the same time as the TP-600 return. Copy 2 is given to the partners while copy 3 is retained by the partnership.

Where to file the partnership information return TP-600

The return and accompanying documents must be submitted to the address below that is nearest to the partnership’s principal establishment in Québec:

Revenu Québec
3800, rue de Marly
Québec (Québec) G1X 4A5

Revenu Québec
C. P. 3000, succursale Place-Desjardins
Montréal (Québec) H5B 1A4

If the partnership does not have an establishment in Québec, these documents must be submitted to the Québec City address.