Taxation in Canada

Canadian Utilities & Telecom Income Fund Declares Estimated Special Capital Gains Distribution

Retrieved on: 
Tuesday, June 1, 2021
Taxation in Canada, Adjusted cost base, Business, Economy, Articles

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- (TSX: UTE.UN) Canadian Utilities & Telecom Income Fund (the Fund) today declared an estimated special capital gains distribution in the amount of approximately $1.21 per unit, payable on or before June 30, 2021 to unitholders of record on June 15, 2021.

Key Points: 
  • TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- (TSX: UTE.UN) Canadian Utilities & Telecom Income Fund (the Fund) today declared an estimated special capital gains distribution in the amount of approximately $1.21 per unit, payable on or before June 30, 2021 to unitholders of record on June 15, 2021.
  • The distribution is payable in units of the Fund and units issued pursuant to the special distribution will immediately be consolidated such that the number of units issued and outstanding will not change.
  • The adjusted cost base of units to unitholders will increase by the amount of the unit distribution.
  • The Fund will provide the exact amount of the distribution by further press release once determined.

Blueberries Medical Reports 2021 Q1 Financial Results and Provides Corporate and Operations Update

Retrieved on: 
Monday, May 31, 2021
Taxation in Canada, Goods and Services Tax, In Canada, Fee

Legal fees - The Q1, 2021 legal fees reflect a one-time cash credit of $24,303 that was recovered from previously unclaimed HST/GST amounts.

Key Points: 
  • Legal fees - The Q1, 2021 legal fees reflect a one-time cash credit of $24,303 that was recovered from previously unclaimed HST/GST amounts.
  • Consulting Includes advice and assistance on operations, quality management, facility development, financial and technical counsel, human resources services, and regulatory compliance.
  • The 2021 consulting fees are also lower because of savings realized by financial services being internalized.
  • The Q1, 2021 audit and accounting fees reflect a one-time cash credit of $23,192 that was recovered from previously unclaimed HST/GST amounts.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed-End Funds Pursuant to their Managed Distribution Policy for the Months of June, July, August, September, October, and November 2021

Retrieved on: 
Wednesday, May 26, 2021
Professional services, Finance, Finance, Money, Economy, Income fund, Taxation in Australia, Financial ratios, Taxation in the United States, Taxation in Canada

**The October and November distributions for the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will be declared at the next board meeting.

Key Points: 
  • **The October and November distributions for the Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will be declared at the next board meeting.
  • Pursuant to its managed distribution policy, each Fund intends to make regular monthly distributions to shareholders at a fixed rate per common share, which rate may be adjusted from time to time by the Funds Board of Trustees.
  • The Board of Trustees may modify, terminate or suspend the managed distribution policy at any time.
  • The Funds distributions have been set based on the current level of income generated from the Funds investment portfolio and accumulated capital gains, if any.

Putnam Investments Announces Distribution Rates for Closed-End Funds

Retrieved on: 
Friday, May 21, 2021
Banking, Professional services, Finance, Finance, Money, Economy, American Bankers Association, CUSIP, Market data, Taxation in Canada, Investment, Income trust, Rate of return

b'Putnam Premier Income Trust (NYSE: PPT) (CUSIP: 746853-10-0)\n* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.\nThe funds periodically provide fund-related information on their websites.

Key Points: 
  • b'Putnam Premier Income Trust (NYSE: PPT) (CUSIP: 746853-10-0)\n* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.\nThe funds periodically provide fund-related information on their websites.
  • The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210521005342/en/\n'

Fidus Investment Corporation Announces First Quarter 2021 Financial Results

Retrieved on: 
Thursday, May 6, 2021
Income taxation, Taxable income, Taxation in Canada

Our total portfolio investments at fair value were approximately 108.4% of the related cost basis as of March 31, 2021.

Key Points: 
  • Our total portfolio investments at fair value were approximately 108.4% of the related cost basis as of March 31, 2021.
  • As of March 31, 2021, our average active portfolio company investment at amortized cost was $9.8 million, which excludes investments in the four portfolio companies that have sold their underlying operations.
  • The weighted average yield on debt investments was 12.3% as of March 31, 2021.
  • The final determination of 2021 taxable income, as well as the tax attributes for 2021 dividends, will be made after the close of the 2021 tax year.

S Split Corp. Declares Monthly Distribution

Retrieved on: 
Tuesday, May 4, 2021
Dividend, Shareholders, Finance, Money, Economy, Investment, Taxation in Canada

b'To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.\nFor further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at [email protected] or visit www.strathbridge.com .\nCommissions, trailing commissions, management fees and expenses all may be associated with investment funds.

Key Points: 
  • b'To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.\nFor further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at [email protected] or visit www.strathbridge.com .\nCommissions, trailing commissions, management fees and expenses all may be associated with investment funds.
  • Please read the prospectus before investing.
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.\n'

Tax Tip - Are you a peer-to-peer seller? Here's what you need to know

Retrieved on: 
Friday, April 30, 2021
Taxation in Canada, Tax, Government, Harmonized sales tax, Goods and Services Tax, Canada Revenue Agency, Sales tax, Sales taxes in British Columbia, Value-added tax

If you paid tax on foreign income, you could be eligible for a tax credit .\nIt is important to maintain proper financial records of all your sales and expenses.

Key Points: 
  • If you paid tax on foreign income, you could be eligible for a tax credit .\nIt is important to maintain proper financial records of all your sales and expenses.
  • If so, you will need to register for, collect and pay to the Canada Revenue Agency the goods and services tax / harmonized sales tax (GST/HST)for taxable supplies of goods and services that you made inside and outside Canada.
  • You can avoid or reduce penalties and interest by voluntarily correcting your tax affairs.
  • To correct your tax affairs (including corrections to GST/HST returns) and to report income that you did not report in previous years, you may:\n'

Putnam Investments Announces Distribution Rates for Closed-End Funds

Retrieved on: 
Friday, April 23, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Taxation in Canada, American Bankers Association, CUSIP, Market data, Investment, Income trust, Rate of return

b'Putnam Premier Income Trust (NYSE: PPT) (CUSIP: 746853-10-0)\n* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.\nThe funds periodically provide fund-related information on their websites.

Key Points: 
  • b'Putnam Premier Income Trust (NYSE: PPT) (CUSIP: 746853-10-0)\n* Distributions may be comprised of ordinary and/or tax-exempt income, net capital gains and/or a return of capital of your investment in the Fund.\nThe funds periodically provide fund-related information on their websites.
  • The following information will be available for each fund at putnam.com at the frequencies indicated: (1) Full holdings will be available monthly beginning on the 8th business day after the end of each month; (2) Top 10 holdings and additional portfolio statistics will be available monthly, approximately 15 days after month-end.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210423005466/en/\n'

Tax Tip - Are you a social media influencer? Here's what you need to know

Retrieved on: 
Tuesday, April 13, 2021
Taxation in Canada, Tax, Articles, Policy, Harmonized sales tax, Internet celebrity, Sales tax, Goods and Services Tax, Income tax in the United States, Social media, Fashion influencer, Sales taxes in British Columbia

b'OTTAWA, ON, April 13, 2021 /CNW/ - What is a social media influencer?\nSocial media influencers use social media platforms, such as YouTube, Instagram, Twitch, Facebook, Twitter, or a blog to make posts and build up followers of their content.

Key Points: 
  • b'OTTAWA, ON, April 13, 2021 /CNW/ - What is a social media influencer?\nSocial media influencers use social media platforms, such as YouTube, Instagram, Twitch, Facebook, Twitter, or a blog to make posts and build up followers of their content.
  • If so, you will need to register for, collect and pay to the CRA the goods and services tax / harmonized sales tax (GST/HST) on all taxable sales from your online activities.
  • Your expenses must be reasonable and directly related to your income as a social media influencer.
  • You must report these expenses on your income tax return.

Putnam Investments Announces 19(a) Notices for Closed-End Funds

Retrieved on: 
Thursday, April 8, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Financial ratios, Investment, Taxation in Canada, Dividend, Shareholders, Rate of return, Income trust, Comprehensive income, Investment trust

Putnam estimates that $0.0168 per share of Putnam Master Intermediate Income Trusts dividend is paid from accumulated net investment income, and $0.0052 per share represents a return of capital.

Key Points: 
  • Putnam estimates that $0.0168 per share of Putnam Master Intermediate Income Trusts dividend is paid from accumulated net investment income, and $0.0052 per share represents a return of capital.
  • These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund.
  • Putnam estimates that $0.0146 per share of Putnam Premier Income Trusts dividend is paid from accumulated net investment income, and $0.0114 per share represents a return of capital.
  • These estimates and the sources of the fund's dividends and distributions are determined in accordance with accounting principles applicable to the fund.