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2006 Tax Information  
(based on payable date)
 

Fund
 Capital
Gains		 Eligible
Canadian
Dividend
Income		 Return of
Capital
(Non Taxable)		 Total
 
 
 
 
Prime Dividend Corp Class A Share (PDV) $0.59813  
(52.01%)		 $0.55188
(47.99%)		 0% $1.15001
(100%)
         
Prime Dividend Corp Preferred Share (PDV.PR.A) 0% $0.66622
(100%)		 0% $0.66622
(100%)
         

Tax info for Corporations is reported on a Canada Customs & Revenue Agency T5 Form. The T5 Form is produced by the broker and mailed to the investor no later than February 28. Please contact your broker regarding T5 enquiries.

 

Types of Income Earned

  • Capital gains are taxed at much lower rates than interest income, dividend income and foreign source non business income. The capital gains inclusion rate was 50% for 2005. The T-3 or T-5 you receive from your investment dealer will show the breakdown of the capital gains received from any of the Quadravest products.
  • Eligible Canadian Dividends received from Canadian companies are taxed at a much lower rate than interest income. This is because the corporation has already paid tax on its earnings before paying a dividend to the Fund. On your tax return, you actually report a grossed-up dividend and then claim an offsetting dividend tax credit. The T-3 or T-5 you receive from your investment dealer will show the breakdown of the dividend income received from any of the Quadravest products.
  • Interest income received from a money market instrument or bond is fully taxable in the same manner as a salary or pension.
  • Foreign non business income includes foreign dividends and are fully taxable, however there will be a credit for any foreign withholding taxes paid.
  • Return of Capital (Non-taxable) distributions received must be used by the investor to reduce the adjusted cost base (ACB) of their shares/units. This will impact the capital gains realized by each investor upon any future dispositions of the shares/units. As an example, if a 50 cent per unit non-taxable distribution was received during the year, the investor would reduce the cost base of each unit by 50 cents.

 

 
     
     
     
 
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