Business
Peyto Energy Trust announces 2008 Canadian tax information
SYMBOL: PEY.UN - TSX CALGARY, Feb. 18 /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. 18 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to\nannounce the 2008 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 2008\ntaxation year, the split is 75 percent return on capital (taxable) and 25\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 2008:\n\n\n Tax\n Deferred\n Taxable Amount\n Amount (Return of Total\nRecord Date Payment Date (Income) Capital) Distribution\n-------------------------------------------------------------------------\nJanuary 1, 2008 January 15, 2008 $0.0000 $0.0035 $0.0035\nJanuary 31, 2008 February 15, 2008 $0.1050 $0.0350 $0.1400\nFebruary 28, 2008 March 15, 2008 $0.1050 $0.0350 $0.1400\nMarch 31, 2008 April 13, 2008 $0.1050 $0.0350 $0.1400\nApril 30, 2008 May 15, 2008 $0.1050 $0.0350 $0.1400\nMay 31, 2008 June 15, 2008 $0.1125 $0.0375 $0.1500\nJune 30, 2008 July 13, 2008 $0.1125 $0.0375 $0.1500\nJuly 31, 2008 August 15, 2008 $0.1125 $0.0375 $0.1500\nAugust 31, 2008 September 14, 2008 $0.1125 $0.0375 $0.1500\nSeptember 30, 2008 October 15, 2008 $0.1125 $0.0375 $0.1500\nOctober 31, 2008 November 15, 2008 $0.1125 $0.0375 $0.1500...