Learning Centre
Countdown to Tax Time (February 2011)
Tuesday, February 01, 2011
Over the next several months investors will turn their attention to tax preparation. Here are some frequently asked tax questions and answers regarding the fund that will assist investors in preparing their returns:
When will tax information relating to the 2010 distributions be available?
In order to provide investors with an accurate tax breakdown of the distributions, we need to receive similar information from each of the investments in the portfolio. In early March, we will issue a news release providing investors with this information. However, we advise investors to wait until they receive their T3 tax slip before preparing their tax returns.
Who prepares my T3 tax slip and when should I expect it?
If you hold your units with an Investment Advisor, that investment firm will prepare and mail your T3 slip. Typically, this is not done until the end of March. Please inquire with your Investment Advisor directly to confirm their T3 preparation and delivery schedule. Registered unitholders, those who hold a physical unit certificate, will receive their tax slips directly from Computershare. These are expected to be mailed at the end of March.
Another Tip:
Revisions to T3s: With over 80 investments in the fund, on occasion we receive tax revisions from one or more of our holdings. Any revisions may require that we reissue T3 tax slips to our investors. In order to avoid refiling your income tax return because of these revisions, you may wish to wait until the end of March before filing your return.