Business
Peyto Energy Trust announces 2006 Canadian tax information
Peyto Energy Trust announces 2006 Canadian tax information.
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\nSYMBOL: PEY.UN - TSX\n\n\nCALGARY, Feb. 26 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to\nannounce the 2006 tax information for unitholders in Canada.\n\n\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 2006\ntaxation year, the split is 75.0 percent return on capital (taxable) and 25.0\npercent return of capital (tax deferred).\n\n\nThe following table sets out the tax treatment of the Canadian monthly\ndistributions paid and payable in 2006:\n\n\n\n Tax\n Deferred\n Taxable Amount\n Amount (Return of Total\nRecord Date Payment Date (Income) Capital) Distribution\n-------------------------------------------------------------------------\nJanuary 31, 2006 February 15, 2006 $0.0900 $0.0300 $0.1200\nFebruary 28, 2006 March 15, 2006 $0.1050 $0.0350 $0.1400\nMarch 31, 2006 April 13, 2006 $0.1050 $0.0350 $0.1400\nApril 30, 2006 May 15, 2006 $0.1050 $0.0350 $0.1400\nMay 31, 2006 June 15, 2006 $0.1050 $0.0350 $0.1400\nJune 30, 2006 July 14, 2006 $0.1050 $0.0350 $0.1400\nJuly 31, 2006 August 15, 2006 $0.1050 $0.0350 $0.1400\nAugust 31, 2006 September 15, 2006 $0.1050 $0.0350 $0.1400\nSeptember 30, 2006 October 13, 2006 $0.1050 $0.0350 $0.1400\nOctober 31, 2006 November 15, 2006 $0.1050 $0.0350 $0.1400\nNovember 30, 2006 December 15, 2006 $0.1050 $0.035...