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Cathedral Energy Services provides 2006 tax information
Cathedral Energy Services provides 2006 tax information.
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nCALGARY, Feb. 28 /CNW/ - Cathedral Energy Services Income Trust (the\n"Trust" - TSX: CET.UN) is pleased to provide the following information to\nassist Canadian and U.S. holders of trust units ("Unitholders") of the Trust\nin the preparation of their income tax returns. This information is of a\ngeneral nature only and is not intended to be, nor should it be construed to\nbe, legal or tax advice to any Unitholder, or potential Unitholder of the\nTrust. Unitholders and potential Unitholders should consult with their own tax\nadvisors with respect to their particular circumstances.\n\n\nCanadian\n\n\nThe following information provided by the Trust is intended to assist\nCanadian resident Unitholders who are individuals in reporting distributions\nfrom the Trust for preparation of their 2006 T1 Personal Income Tax Return.\nDistributions declared by the Trust for 2006 will be comprised of a\ncombination of taxable trust income (95.732617%) and capital gains\n(4.267383%), except as described below. No portion of the declared 2006\ndistributions is considered a return of capital.\n\n\nThe information contained herein is based on the Trust's understanding of\nthe Income Tax Act (Canada) ("Act") and the regulations there under, and is\nprovided for general information only. Unitholders are advised to consult\ntheir personal tax advisors with respect to their particular circumstances.\n\n\nThe Trust qualifies as a mutual fund trust under the Act and as such,\ntrust units are qualified investments for registered retirement savings plans\n("RRSPs"), registered retirement income funds ("RRIFs"), registered education\nsavings plans ("RESPs"), and deferred profit sharing plans ("DPSPs"), all as\ndefined in the Act. Unitholders who hold their trust units in a RRSP, RRIF,\nRESP, or DPSP need not report any income related to trust unit distributions\non their 2006 Income Tax Return.\n\n\nA Unitholder that does not hold his or her trust units in an RRSP, RRIF,\nRESP or DPSP, must report taxable amounts allocated by the Trust in 2006 to\nthe Unitholder in the Unitholder's 2006 Income Tax Return. This taxable amount\nwill be reported on a "T3 - Statement of Trust Income and Allocations and\nDesignations&quo...