Canadian Tax Information
Canadian Tax Information
For U.S. Tax Information please click here.
Historical Tax Data for ARC Energy Trust Cash Distributions
| |
Return of Capital (Cdn$) |
Per Cent |
Income Cdn$ (Taxable) |
Per Cent |
Total Cash Distributions (Cdn$) (1) |
| 2009 |
0.0384 |
3 |
1.2416 |
97 |
1.28 |
| 2008 |
0.0534 |
2 |
2.6166 |
98 |
2.67 |
| 2007 |
0.0720 |
3 |
2.3280 |
97 |
2.40 |
| 2006 |
0.0520 |
2 |
2.5480 |
98 |
2.60 |
| 2005 |
0.0388 |
2 |
1.9012 |
98 |
1.94 |
| 2004 |
0.1080 |
6 |
1.6920 |
94 |
1.80 |
| 2003 |
0.2670 |
15 |
1.5130 |
85 |
1.78 |
| 2002 |
0.5056 |
32 |
1.0744 |
68 |
1.58 |
| 2001 |
0.7712 |
32 |
1.6388 |
68 |
2.41 |
| 2000 |
1.0230 |
55 |
0.8370 |
45 |
1.86 |
| 1999 |
0.9900 |
79 |
0.2600 |
21 |
1.25 |
| 1998 |
1.0800 |
90 |
0.1200 |
10 |
1.20 |
| 1997 |
1.0890 |
78 |
0.3110 |
22 |
1.40 |
| 1996 |
0.8100 |
100 |
– |
– |
0.81 |
Taxation of Cash Distributions:
February 1, 2010
Legal Status of the Trust:
The Trust is subject to Canadian income tax on a similar basis to that of an individual. The Trust has a December 31 year-end and each year the Trust performs an income tax calculation and allocates its taxable income to unitholders.
Taxation of Cash Distributions:
Trust Units held within an RRSP, RPP, RRIF, RESP, DPSP or TFSA
No amounts are to be reported for income tax purposes in respect of cash distributions received by a Registered Retirement Savings Plan (“RRSP”), Registered Pension Plan (“RPP”), Registered Retirement Income Fund (“RRIF”), Registered Education Savings Plan (“RESP”), Deferred Profit Sharing Plan (“DPSP”) or Tax Free Savings Account or any other such registered plans (collectively referred to as "Deferred Plans").
Trust Units held outside of a Deferred Plan
For cash distributions received by a Canadian resident individual outside of a Deferred Plan, 97% of the payments are taxable as income, with the remaining 3% being a tax deferred return of capital. The following table outlines the breakdown of cash distributions per unit paid or payable by the Trust with respect to record dates for the period January 30, 2009 to December 31, 2009 for Canadian Income Tax purposes.
Unitholders who held their Trust Units outside of a Deferred Plan, through a broker or other intermediary and received cash distributions during the period, will receive “T3 Supplementary” slips directly from their broker or intermediary, not from the transfer agent or the Trust.
Registered Unitholders of Trust Units who received cash distributions during the period from the transfer agent, Computershare Trust Company of Canada, (and not from a broker or intermediary), will receive “T3 Supplementary” slips directly from Computershare Trust Company of Canada. While Computershare Trust Company of Canada will strive to issue these information slips as soon as possible, the deadline for mailing all T3 Supplementary Information slips as required by Canada Revenue Agency is March 31, 2010.
Tax upon the disposition of Royalty Trust Units:
The portion of the distributions deemed a return of capital will reduce the Unitholder's adjusted cost base (“ACB”) of their units. The ACB of the units is required in the calculation of a capital gain or capital loss (assuming the units are capital property of the Unitholder) upon the disposition or deemed disposition of the Trust units. Unitholders should maintain a record of all distributions that are classified as partially or entirely as a return of capital while holding ARC Energy Trust units. For investors in the $10.00 per unit initial public offering in July 1996, the ACB of units still held as at December 31, 2009, is $3.10 per unit taking into account the return of capital of $6.86 in 1996 through to 2008 and $0.04 in 2009.
For ARC's Adjusted Cost Base calculator please click here.