Tax - Issue CostsPrint

Flow Through Share Limited Partnerships – Tax Deductible Issue Costs

Limited Partners (L.P.) of record at the date of dissolution of a particular flow through limited partnership are entitled to claim a deduction on their income tax returns in respect of the unamortized balance of issue costs incurred by the partnership. For each of the Canoe flow through limited partnerships, we have listed below the amount of such tax deductions and the relevant tax year.

For example, LPs who owned the Canoe 2015 Flow-Through LP CDE can determine the total deduction available in 2016 by multiply the deduction per unit amount outlined below for 2016 by the number of corresponding partnership units you owned immediately before the dissolution of the relevant flow through limited partnership. So if you owned 10 units of 2015 Flow-Through LP CDE your deduction would be 10 x 0.341466 or $3.41. In the year of dissolution of the LP this deduction would be in addition to amounts allocated to you on your tax form T5013 for that year.

Investors should report the total amount available for deduction on line 232 – “other deductions”, on page 3 of the T1 General Income Tax and Benefit Return.

For Quebec residents only, you should report the total amount available for deduction on line 250 – “other deductions” on page 2 of the Quebec Income Tax Return.

If you have any further questions please do not hesitate to contact Investor Relations at 1-877-434-2796. Please note that we are not able to provide tax advice and investors should consult their own professional advisors for questions regarding their own particular circumstances.

2015 CDE

Taxation Year Deduction per Unit
2016 0.341466
2017 0.341466
2018 0.341466
2019 0.341466
2020 0.340009

 

2015 CEE

Taxation Year Deduction per Unit
2016 0.334413
2017 0.334413
2018 0.334413
2019 0.334413
2020 0.333420

 

2014 CDE

Taxation Year Deduction per Unit
2016 0.339242
2017 0.339242
2018 0.339242
2019 0.338608

 

2014 CEE

Taxation Year Deduction per Unit
2016 0.346343
2017 0.346343
2018 0.346343
2019 0.345341
2020 0.269119

 

2012 CDE

Taxation Year Deduction per Unit
2014 $0.39205
2015 $0.39205
2016 $0.39205
2017 $0.39093
2018 $0.39077

2012 CEE

Taxation Year Deduction per Unit
2014 $0.393205
2015 $0.393205
2016 $0.393205
2017 $0.391039
2018 $0.390727

2011 CDE

Taxation Year Deduction per Unit
2013 $0.44257
2014 $0.44257
2015 $0.44257
2016 $0.44257
2017 $0.37607

2011 CEE

Taxation Year Deduction per Unit
2013 $0.44191
2014 $0.44191
2015 $0.44191
2016 $0.44191
2017 $0.38363

2009 CDE

Taxation Year Deduction per Unit
2010 $0.64109
2011 $0.64109
2012 $0.64109
2013 $0.64109
2014 $0.47047

2009 CEE

Taxation Year Deduction per Unit
2010 $0.64109
2011 $0.64109
2012 $0.64109
2013 $0.64109
2014 $0.47047

2008

Taxation Year Deduction per Unit
2010 $0.43546
2011 $0.43546
2012 $0.43546
2013 $0.16962

2007 II

Taxation Year Deduction per Unit
2009 $0.47989
2010 $0.47989
2011 $0.47989
2012 $0.46582
2013 $0.02195

2007

Taxation Year Deduction per Unit
2009 $0.55842
2010 $0.55842
2011 $0.55842
2012 $0.38687
2013 $0.20343

2006 II

Taxation Year Deduction per Unit
2008 $0.25084
2009 $0.37472
2010 $0.37472
2011 $0.36864

2006

Taxation Year Deduction per Unit
2008 $0.22777
2009 $0.34026
2010 $0.34026
2011 $0.34026
2012 $0.27639

2005

Taxation Year Deduction per Unit
2007 $0.10961
2008 $0.34789
2009 $0.34789
2010 $0.34789
2011 $0.15930

2004

Taxation Year Deduction per Unit
2006 $0.27062
2007 $0.35788
2008 $0.37251
2009 $0.00101