Tax InformationPrint

Adjusted Cost Base

Canoe is not able to calculate this information for investors. Please consult with your investment advisor regarding this, or go to ACB Tracking, providers of an adjusted cost base calculator on a fee for service basis.

2015 Tax Year – Distribution Breakdown

Please note that the information provided below is for information purposes only.

You will receive a T3 slip, which is not prepared by Canoe, from your investment advisor or, if you are a registered unitholder, from Alliance Trust Company.  Please consult with your investment advisor directly regarding their preparation and mailing deadlines.

For the year ended December 31, 2015, distributions to Canadian resident unitholders of Canoe EIT Income Fund are to be treated for income tax purposes as follows:

Taxable as: % of Distribution
Other Taxable Income (Investment Income)  -
Other Taxable Income (Not Investment Income)  -
Actual Amount of Eligible Dividends 9.3
Actual Amount of Non-Eligible Dividends  -
Foreign Business Income  -
Foreign Non-Business Income  -
Foreign Non-Business Income Tax Paid  -
Capital Gains 60.9
Return of Capital  29.8
  100.0

Canoe distributed a total of $1.20 per unit in 2015. The 29.8% Return of Capital to Unitholders reduces the adjusted cost base of the unitholder’s trust unit.

Other Tax Information

T3 Tax Slips

The foregoing tax breakdown of the Canoe distributions is provided for information purposes only. Information regarding the tax breakdown of the Canoe distributions has been sent electronically to Investment Dealers via CDS Clearing and Depository Services Inc. Investment Dealers are responsible for the preparation and delivery of T3 tax slips to their clients. Investors should utilize the information directly from their T3 tax slip when filing their personal income tax return. Registered unitholders (namely, unitholders who hold a physical share certificate) will receive their T3 tax slips directly from Alliance Trust Company. Alliance Trust Company’s telephone number is 1-403-237-6111. The mailing deadline for delivery of the tax slips is March 31, 2015.  However, we urge investors to contact their Investment Advisor directly to determine their specific preparation and delivery schedule.

Non-Resident Unitholders

Existing Non-Resident unitholders are not entitled to the same tax breakdown as Canadian unitholders. Please consult your tax professional or financial advisor to discuss your specific situation.

Historical Information by Tax Year

2014

1. 0.00% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 0.00% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 5.5% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.00% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.00% of the distributions received are taxable as “foreign business income”;
6. 0.00% of the distributions received are taxable as “foreign non-business income”;
7. 0.00% of the distributions received are taxable as “foreign non-business income tax paid”;
8. 61.6% of the distributions received are taxable as “capital gains”;
and
9. 32.9% of the distributions received are return of capital.
(100.00%)

The 32.9% Return of Capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit. Canoe distributed $1.20 per unit in 2014.

Non-cash distributions related to warrants issued to unitholders during the year are treated as return of capital for tax purposes and are excluded from the distribution breakdown noted above.

2013

1. 0.00% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 0.00% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 18.4% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.00% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.00% of the distributions received are taxable as “foreign business income”;
6. 0.00% of the distributions received are taxable as “foreign non-business income”;
7. 0.00% of the distributions received are taxable as “foreign non-business income tax paid”;
8. 33.2% of the distributions received are taxable as “capital gains”;
and
9. 48.4% of the distributions received are return of capital.
(100.00%)

The 48.4% Return of Capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit.
Canoe distributed $1.20 per unit in 2013.

Non-cash distributions related to warrants issued to unitholders during the year are treated as return of capital for tax purposes and are excluded from the distribution breakdown noted above.

2012

1. 1.5% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 0.00% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 32.7% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.00% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.00% of the distributions received are taxable as “foreign business income”;
6. 0.00% of the distributions received are taxable as “foreign non-business income”;
7. 0.00% of the distributions received are taxable as “foreign non-business income tax paid”;
8. 0.00% of the distributions received are taxable as “capital gains”;
and
9. 65.8% of the distributions received are return of capital.
(100.00%)

The 65.8% Return of Capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit.
EnerVest distributed $1.20 per unit in 2012.

Non-cash distributions related to warrants issued to unitholders during the year are treated as return of capital for tax purposes and are excluded from the distribution breakdown noted above.

2011

1. 0.00% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 0.00% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 17.9% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.00% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.00% of the distributions received are taxable as “foreign business income”;
6. 20.9% of the distributions received are taxable as “foreign non-business income”;
7. (2.5)% of the distributions received are taxable as “foreign non-business income tax paid”;
8. 35.1% of the distributions received are taxable as “capital gains”;
and
9. 28.6% of the distributions received are return of capital.
(100.00%)

The 28.6% Return of Capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit.
EnerVest distributed $1.20 per unit in 2011.

Non-cash distributions related to warrants issued to unitholders during the year are treated as return of capital for tax purposes and are excluded from the distribution breakdown noted above.

2010

1. 17.62% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 6.11% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 21.49% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.12% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.70% of the distributions received are taxable as “foreign business income”;
6. 1.12% of the distributions received are taxable as “foreign non-business income”;
7. 0.00% of the distributions received are taxable as “capital gains”; and
8. 52.84% of the distributions received are return of capital.
(100.00%)

The 52.84% Return of Capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit.

EnerVest distributed $1.20 per unit in 2010.

2009

1. 15.80% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 8.81% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 12.84% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.37% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 0.80% of the distributions received are taxable as “foreign business income”;
6. 0.97% of the distributions received are taxable as “foreign non-business income”;
7. 0.0% of the distributions received are taxable as “capital gains”;
8. 60.52% of the distributions received are return of capital;
9. (0.08%) of the distribution is foreign business income tax paid; and
10. (0.03%) of the distribution is foreign non-business income tax paid.
(100.00%)

The 60.52% return of capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit.

EnerVest distributed $1.61 per unit (on a consolidated basis) in 2009.

Non-cash distributions related to warrants issued to unitholders during the year are treated as return of capital for tax purposes and are excluded from the distribution breakdown noted above.

2008

1. 43.02822% of the distributions received are taxable as “other taxable income” (Investment Income);
2. 2.14524% of the distributions received are taxable as “other taxable income” (Not Investment Income);
3. 3.82763% of the distributions received are taxable as “actual amount of eligible dividends”;
4. 0.63759% of the distributions received are taxable as “actual amount of non-eligible dividends”;
5. 2.04317% of the distributions received are taxable as “foreign business income”;
6. 0.72092% of the distributions received are taxable as “foreign non-business income”;
7. 0.0% of the distributions received are taxable as “capital gains”;
8. 48.36518% of the distributions received are return of capital;
9. (0.75694%) of the distribution is foreign business income tax paid; and
10. (0.01101%) of the distribution is foreign non-business income tax paid.
(100.00%)

The 48.36158% return of capital to Unitholders reduces the adjusted cost base of the Unitholder’s trust unit. Please note that the above allocations, including the foreign business and non-business income taxes paid, add to a combined total of 100%.

EnerVest distributed $0.84 per unit in 2008, distributing $0.07 per unit per month to Unitholders of record on the last trading day of each month.

2007

1. 40.98693% of the distributions received are taxable as “other taxable income”;
2. 3.29846% of the distributions received are taxable as “actual amount of eligible dividends”;
3. 0.24960% of the distributions received are taxable as “actual amount of non-eligible dividends”;
4. 2.87684% of the distributions received are taxable as “foreign business income”;
5. 1.10151% of the distributions received are taxable as “foreign non-business income”;
6. 51.68218% of the distributions received are taxable as “capital gains”;
7. 0.04438% of the distributions received are return of capital;
8. (0.21816%) of the distribution is foreign business income tax paid; and
9. (0.02174%) of the distribution is foreign non-business income tax paid.
(100.00%)

The 0.04438% return of capital to unitholders will reduce the adjusted cost base of the unitholder’s trust unit. Please note that the above allocations including the foreign business and non-business income taxes paid add to a combined total of 100%.

EnerVest distributed $0.84 per unit in 2007, consistently distributing $0.07 per unit per month to unitholders of record on the last trading day of each month.

2006

1. 38.41637% of the distributions received are taxable as “other taxable income”;
2. 5.57191% of the distributions received are taxable as “actual amount of eligible dividends”;
3. 0.40499% of the distributions received are taxable as “actual amount of non-eligible dividends”;
4. 0.76079% of the distributions received are taxable as “foreign business income”;
5. 3.24339% of the distributions received are taxable as “foreign non-business income”;
6. 21.72926% of the distributions received are taxable as “capital gains”;
7. 29.87329% of the distributions received are return of capital.
(100.00%)

The 29.87329% return of capital to unitholders will reduce the adjusted cost base of the unitholder’s trust unit. Foreign business and non-business income taxes paid were 0.09027% and 0.00675%, respectively, of the 2006 distributions received.

EnerVest distributed $0.84 per unit in 2006, consistently distributing $0.07 per unit per month to unitholders of record on the last trading day of each month.

2005

1. 34.60437% of the distributions received are taxable as “other income”;
2. 6.99692% of the distributions received are taxable as “dividend income”;
3. 0.87203% of the distributions received are taxable as “foreign business income”;
4. 0.47169% of the distributions received are taxable as “foreign non-business income”;
5. 29.68501% of the distributions received are taxable as “capital gains”;
6. 27.36998% of the distributions received is return of capital.
(100.00%)

The 27.36998% return of capital to unitholders will reduce the adjusted cost base of the unitholder’s trust unit. Foreign business and non-business income taxes paid were 0.09391% and 0.02011%, respectively, of the 2005 distributions received.

EnerVest distributed $0.84 per unit in 2005, consistently distributing $0.07 per unit per month to unitholders of record on the last trading day of each month.

2004

1. 28.49709% of the distributions received are taxable as “other income”;
2. 5.05757% of the distributions received are taxable as “dividend income”;
3. 0.01345% of the distributions received are taxable as “foreign business income”;
4. 0.30594% of the distributions received are taxable as “foreign non-business income”;
5. 22.63101% of the distributions received are taxable as “capital gains”;
6. 43.49494% of the distributions received are not taxable in 2004.
(100.00%)

The non-taxable portion (43.49494%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.84 per unit were made to unitholders during 2004, $0.07 per unit per month to unitholders of record at month end for the period January 2004 to December 2004. Based on the December 2003 closing price of $6.77 per unit and the December 2004 closing price of $8.40 per unit, the annualized cash on cash return to unitholders for the year was 12.4% and the total return to unitholders was 36.5%.

2003

1. 26.57023% of the distributions received are taxable as “other income”;
2. 5.10373% of the distributions received are taxable as “dividend income”;
3. 0.38100% of the distributions received are taxable as “foreign non-business income”;
4. 9.01684% of the distributions received are taxable as “capital gains”;
5. 58.92820% of the distributions received are not taxable in 2003.
(100.00%)

The nontaxable portion (58.92820%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.84 per unit were made to unitholders during 2003, $0.07 per unit per month to unitholders of record at month end for the period January 2003 to December 2003. Based on the December 2002 closing price of $6.58 per unit and the December 2003 closing price of $6.77 per unit, the annualized cash on cash return to unitholders for the year was 12.8% and the total return to unitholders was 15.7%.

2002

1. 21.0864% of the distributions received are taxable as “other income”;
2. 4.3030% of the distributions received are taxable as “dividend income”;
3. 0.1451% of the distributions received are taxable as “foreign non-business income”;
4. 27.3447% of the distributions received are taxable as “capital gains”;
5. 47.1208% of the distributions received are not taxable in 2002.
(100.00%)

The nontaxable portion (47.1208%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.84 per unit were made to unitholders during 2002, $0.07 per unit per month to unitholders of record at month end for the period January 2002 to December 2002. Based on the December 2001 closing price of $6.90 per unit and the December 2002 closing price of $6.58 per unit, the annualized cash on cash return to unitholders for the year was 12.2% and the total return to unitholders was 7.5%.

2001

1. 22.8538 % of the distributions received are taxable as “other income”;
2. 4.2083 % of the distributions received are taxable as “dividend income”;
3. 0.3349 % of the distributions received are taxable as “foreign non-business income”;
4. 72.6030 % of the distributions received are not taxable in 2001.
(100.00%)

The nontaxable portion (72.6030%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.84 per unit were made to unitholders during 2001, $0.07 per unit per month to unitholders of record at month end for the period January 2001 to December 2001. Based on the December 2000 closing price of $6.05 per unit and the December 2001 closing price of $6.90 per unit, the annualized cash on cash return to unitholders for the year was 13.88 % and the total return to unitholders was 27.93 %.

2000

1. 23.3947 % of the distributions received are taxable as “other income”;
2. 2.8410 % of the distributions received are taxable as “dividend income”;
3. 0.1112 % of the distributions received are taxable as “foreign income”;
4. 73.6531 % of the distributions received are not taxable in 2000.
(100.00%)

The nontaxable portion (73.6531%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.82 per unit were made to unitholders during 2000 ($0.065 per unit per month was made to unitholders of record at month end for the period January 2000 to April 2000, and $0.07 per unit per month was made to unitholders of record at month end for the period May 2000 to December 2000). Based on the December 1999 closing price of $5.15 per unit and the December 2000 closing price of $6.05 per unit,
the annualized cash on cash return to unitholders for the year was 15.92% and the total return to unitholders was 33.40%.

1999

1. 16.5948 % of the distributions received are taxable as “other income”;
2. 2.8062 % of the distributions received are taxable as “dividend income”;
3. 80.5990 % of the distributions received are not taxable in 1999.
(100.00%)

The nontaxable portion (80.5990%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit. The tax identification number of EIT Income Fund (formerly EnerVest Diversified Income Trust) is T18-759-107.

Distributions totaling $0.755 per unit were made to unitholders of record at month end during the period commencing January 30, 1999 and ending December 31, 1999. Based on the December 31, 1998 closing price of $4.75 per unit the total return to unitholders for the period was 24.3%.

1998

1. 7.0630 % of the distributions received are taxable as “other income”;
2. 5.8654 % of the distributions received are taxable as “dividend income”;
3. 0.0819 % of the distributions received are taxable as "foreign non-business income";
4. 86.9897 % of the distributions received are not taxable in 1998.
(100.00%)

The nontaxable portion (86.9897%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit.

Distributions totaling $0.94 per unit were made to unitholders of record at month end during the period commencing January 30,1998 and ending December 31, 1998. Based on the December 31, 1998 closing price of $4.75 per unit, $0.94 represents a cash on cash yield of 19.79%.

1997

1. 11.987 % of the distributions received are taxable as “other income”;
2. 3.524 % of the distributions received are taxable as “dividend income”;
3. 0.066 % of the distributions received are taxable as "foreign non-business income";
4. 84.423 % of the distributions received are not taxable in 1997.
(100.00%)

The nontaxable portion (84.423%) will be considered a return of capital to the unitholder and will reduce the adjusted cost base of the unitholder’s trust unit.

Distributions totaling $0.36 per unit were made to unitholders of record at month end during the period commencing September 30, 1997 and ending December 31, 1997.