The following summary is intended to assist unitholders of
Westshore Terminals Investment Corporation stapled units (the
"units") in understanding the income tax treatment of the
distributions made in 2011. Unitholders are also encouraged
to consult their own tax advisors for appropriate tax advice
based on their particular circumstances.
Individual Canadian Resident Unitholders
Canadian resident unitholders will receive a "T5 Statement of
Investment Income" slip (the "T5 slip") outlining the nature
of the quarterly distributions received during 2011. The T5
slips are prepared by the unitholders' brokerage firms and
are normally available by March 31 of each year.
The following table summarizes the per-unit distributions
received in the 2011 calendar year:
Record Date | Payment Date | Interest Income Per Unit | Dividend income1 Per Unit | Total Distribution |
Mar 31/11 | Apr 15/11 | $0.13125 | $0.140 | $0.27125 |
Jun 30/11 | Jul 15/11 | $0.13125 | $0.110 | $0.24125 |
Sep 30/11 | Oct 15/11 | $0.13125 | $0.160 | $0.29125 |
Total | $0.39375 | $0.410 | $0.80375 |
"Interest income" is taxable to unitholders and is reported
on the T5 slip in Box 13. "Dividend income" is taxable to
unitholders and is reported on the T5 slip in Box 24.
U.S. Unitholders
Distributions of income in the 2011 calendar year are
considered foreign-source dividend income under U.S. federal
income tax rules, reportable on a Form 1099-DIV. Providing
that applicable unit holder-level requirements are met, these
distributions may be "qualified dividends", eligible for
taxation at reduced rates under U.S. federal income tax
rules.
Distributions of income by the Fund to U.S. unitholders are
generally subject to Canadian withholding tax of 15%. U.S.
unitholders are advised to seek advice from their tax
advisors for the tax treatment of distributions.
For further information please refer to the "Information for
U.S. investors" link on the website.
Other Non-Resident Unitholders
Distributions of income to non-resident unitholders are
generally subject to the general Canadian withholding tax of
25%. However, this withholding rate may be reduced if an
income tax treaty or convention has been entered into between
Canada and the foreign jurisdiction.
1 Dividends distributed are designated to be eligible dividends pursuant to subsection 89(14) of the Income
Tax Act (Canada) and any applicable legislation pertaining to eligible dividends.
distribué par | Ce communiqué a été diffusé par Westshore Terminals Investment Corporation et publié initialement sur http://www.westshore.com/pdf/finance/2011/incometax.pdf . Il a été distribué par noodls le 2012-03-22 20:21:00 PM sans aucune modification. L’émetteur est seul responsable de l’exactitude des informations fournies. |