Business
Peyto Energy Trust announces 2005 Canadian tax information
Peyto Energy Trust announces 2005 Canadian tax information.
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\n\nSymbol: PEY.UN - TSX\n\nCALGARY, Feb. 28 /CNW/ - Peyto Energy Trust (\"Peyto\") is pleased to\nannounce the 2005 tax information for unitholders in Canada.\nFor purposes of the Income Tax Act (Canada), Peyto Energy Trust is a\nmutual fund trust. Each year, an income tax return is filed by Peyto with\ntaxable income allocated to and taxable in the hands of the unitholders. Cash\ndistributions paid by Peyto are comprised of a return on capital portion\n(taxable income) and a return of capital (tax deferred) portion. The return on\ncapital (taxable) portion is calculated and reported on Peyto's T3 return and\nallocated to each unitholder who received distributions in that taxation year\non T3 Supplementary forms, which are mailed to unitholders before March 31 of\neach year. Registered unitholders will receive a T3 Supplementary form\ndirectly from the transfer agent, Valiant Trust Company. Beneficial\nunitholders will receive a T3 Supplementary form from their broker or other\nintermediary. The T3 slip will report only the taxable income component. The\nreturn of capital (tax deferred) portion reduces the unitholders' cost base of\nthe units. For cash distributions received or receivable by a Canadian\nresident, outside of a registered pension or retirement plan in the 2005\ntaxation year, the split is 75.0 percent return on capital (taxable) and\n25.0 percent return of capital (tax deferred). The following table sets out\nthe tax treatment of the Canadian monthly distributions paid and payable in\n2005:\n\n>\n\n%SEDAR: 00019597E\n\n\n","length":5275,"tagName":"div"}]