Business
Peyto Energy Trust announces 2007 Canadian tax information
SYMBOL: PEY.UN - TSX CALGARY, Feb. 27 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to announce...
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\nSYMBOL: PEY.UN - TSX\n\n\nCALGARY, Feb. 27 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to\nannounce the 2007 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 2007\ntaxation year, the split is 75.0 percent return on capital (taxable) and\n25.0 percent return of capital (tax deferred).\n\n\nThe following table sets out the tax treatment of the Canadian monthly\ndistributions paid and payable in 2007:\n\n\n Tax\n Deferred\n Taxable Amount\n Amount (Return of Total\nRecord Date Payment Date (Income) Capital) Distribution\n-------------------------------------------------------------------------\nJanuary 31, 2007 February 15, 2007 $0.1050 $0.0350 $0.1400\nFebruary 28, 2007 March 15, 2007 $0.1050 $0.0350 $0.1400\nMarch 31, 2007 April 13, 2007 $0.1050 $0.0350 $0.1400\nApril 30, 2007 May 15, 2007 $0.1050 $0.0350 $0.1400\nMay 31, 2007 June 15, 2007 $0.1050 $0.0350 $0.1400\nJune 30, 2007 July 13, 2007 $0.1050 $0.0350 $0.1400\nJuly 31, 2007 August 15, 2007 $0.1050 $0.0350 $0.1400\nAugust 31, 2007 September 14, 2007 $0.1050 $0.0350 $0.1400\nSeptember 30, 2007 October 15, 2007 $0.1050 $0.0350 $0.1400\nOctober 31, 2007 November 15, 2007 $0.1050 $0.0350 $0.1400\nNovember 30, 2007 December 14, 2007 $0.1050 $0.0350 ...