Frequently Asked Tax Questions
To follow are general tax related questions and answers our investors often have with respect to their investment in Maple Leaf Energy Income programs. As Maple Leaf Energy Income programs do not keep tax information on each individual investor, investors are encouraged to contact their own investment advisor or their tax consultant for further advice on their investment.
When will my T5013A / RL-15 Tax Slip be mailed out?
In January and February of each year, Maple
Leaf gathers from the resource companies in which it invests the tax
information from their exploration and development activities. Once
received, Maple Leaf compiles the tax information required to prepare
per unit tax factors and posts these tax factors to CDS Clearing and Depository Services Inc.
The information is then collected from CDS by your investment advisors
back office in order for them to prepare individual investor T5013A tax
slips (or RL-15 tax slips for Quebec residents) that will be mailed to
you. The tax slips are mailed to you directly from your investment
dealers back office on or before March 31st of each year.
How can I get a reprint of my T5013A Slip?
If you require a reprint of your T5013A Tax Slip, contact your investment dealers office and have them contact their back office for a reprint of your slip. Maple Leaf does not produce or have access to investors tax information.
When is the 100% tax deduction received?
Investors may claim approximately 30-40% against income in the year in which the investment is made. The balance is deductible over the next few years up to 100%.
What is my adjusted cost base (ACB)?
The adjusted cost base or “ACB” is generally what you originally paid for your investment. However, once you realize the tax deductions from the Limited Partnership, you are deemed to have an adjusted cost base (ACB) of nil, due to the receipt of the tax deductions which will approximately equal your original investment amount. A nil adjusted cost base means that when you sell your investment, you get to claim capital gain which gets preferential tax treatment in comparison to otherwise paying tax on income.
Tax Filing Guide
Download the Tax Filing Guide 2012
For each new taxation year, Maple Leaf Energy Income programs will provide investors with a Tax Filing Guide.
Looking for your Tax Slip?
Maple Leaf T5013A Tax Slips (or RL-15 Tax Slips for Quebec Residents) are mailed to investors directly from their investment dealers back office on or before March 31st of each tax reporting year. If you require a reprint of your Tax Slip, please
contact your investment dealers office and have them contact their back
office for a reprint of your slip.
More on Tax Reporting