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Badger Income Fund Releases Canadian Tax Information
Badger Income Fund Releases Canadian Tax Information
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"\nBadger Income Fund Releases Canadian Tax Information\n\n\n Feb. 26, 2010 (Filing Services Canada) -- Badger Income Fund (BAD.UN - TSX), The information provided below is solely to assist Canadian individual unitholders with tax reporting information in respect of distributions paid and declared during the calendar year 2009.  The information contained herein is based on Badger Income Fund?s understanding of the Canadian Income Tax Act and the regulations thereunder and is provided for general information only.  Canadian unitholders should consult with a taxation or investment professional for individual tax advice.Fund Units Held Within an RRSP, RRIF, RESP, DPSP or TFSANo amounts are to be reported on the unit holders? 2009 Income Tax Return where fund units are held within a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Registered Education Savings Plan (RESP), Deferred Profit Sharing Plan (DPSP) or Tax Free Savings Account (TFSA).Fund Units Held Outside an RRSP, RRIF, RESP, DPSP or TFSAUnitholders who hold their fund units outside of an RRSP, RRIF, RESP, DPSP or TFSA and were entitled to receive distributions on a distribution record date within the calendar year 2009 will receive a T3 Statement of Trust Income Allocations and Designations slip (?T3?) directly from Computershare Investor Services or from the broker/intermediary who the unitholder holds their fund units through.  The amount reported in Box 26 ?Other Income? on the T3 should be reported on the Unitholders? 2009 Income Tax Return.  The deadline for mailing the 2009 T3?s to unitholders, as required by the Canada Revenue Agency, is March 31, 2010.Adjusted Cost Base of Fund Units for Capital Gain PurposesUnitholders are required to reduce the adjusted cost base (?ACB?) of their fund units by the amount reported in Box 42 ?Amount Resulting in Cost Base Adjustment? of the T3, which is equal to the cumulative distribution declared during calendar 2009 less the amount reported as ?Other Income? in Box 26 of the T3.  The ACB is used in determining the capital gain or loss on the disposition of fund units.Schedule of Tax Treatment of 2009 DistributionsThe following schedule details the cash distributions declared in 2009 and the tax treatment of each distribution per Fund unit for i...