Taxation in Canada

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for April

Retrieved on: 
Monday, March 22, 2021
Professional services, Finance, Finance, Money, Economy, Financial markets, Investment, Mathematical finance, Rate of return, Taxation in Canada, Capital gains tax, Index fund

Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.

Key Points: 
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund will seek to focus its equity investments on income-producing securities.

Franklin Limited Duration Income Trust Declares Monthly Distribution

Retrieved on: 
Friday, March 19, 2021
Professional services, Finance, Finance, Money, Economy, Financial ratios, Taxation in Canada, Dividend, Shareholders, Franklin Templeton Investments, Income trust, Return of capital, Net asset value, UBS

Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0790 per common share, payable April 15, 2021, to shareholders of record on March 31, 2021 (Ex-Dividend Date: March 30, 2021).

Key Points: 
  • Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0790 per common share, payable April 15, 2021, to shareholders of record on March 31, 2021 (Ex-Dividend Date: March 30, 2021).
  • The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Funds common shares.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.
  • Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.

Companies Can Now Save Billions in SRED Tax Credits with Canada's First CEWS-SRED Calculator

Retrieved on: 
Thursday, March 18, 2021
Tax, Tax credits, Taxation in Canada, Government of Canada, Scientific Research and Experimental Development Tax Credit Program, Government, CEWS, Canada Revenue Agency, Tax return

The CEWS impact on SRED tax credits is a pressing issue with many companies preparing to file their 2020 tax return previously unaware of the claw back until the Canada Revenue Agency announcement last week .

Key Points: 
  • The CEWS impact on SRED tax credits is a pressing issue with many companies preparing to file their 2020 tax return previously unaware of the claw back until the Canada Revenue Agency announcement last week .
  • Being the largest R&D tax credit program in Canada, the claw back of SRED credits will have a significant impact on Canadian businesses.
  • For more information on the software, visit g6consulting.ca/cews-sred/
    About G6 Consulting Inc: G6 Consulting Inc is the market leader in consulting Canadian businesses about R&D tax credits.
  • Comprising some of the best Ph.D.'s, engineers, and developers across Canada, G6 is relied upon to assist Canada's top companies secure SRED R&D tax credits.

Ninepoint Partners Announces Second and Final Closing of Ninepoint 2021 Flow-Through Limited Partnership

Retrieved on: 
Wednesday, March 17, 2021
Alternative minimum tax, Tax deduction, Tax, Taxation in Canada, Taxation in Australia

Disposition proceeds were equal to the net asset value per unit of each partnership as at the date of the rollover on February 5, 2021; III.

Key Points: 
  • Disposition proceeds were equal to the net asset value per unit of each partnership as at the date of the rollover on February 5, 2021; III.
  • The Limited Partner is not liable for alternative minimum tax; and IV.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.
  • The Partnership will be sub-advised by Sprott Asset Management LP (Sprott), one of Canadas leading investment advisors in small and mid-cap resource companies.

Global Technology Impact Fund, Corp. Launches Seeking Investors for their Qualified Opportunity Zone Fund

Retrieved on: 
Tuesday, March 16, 2021
Economy, Money, Finance, Investment funds, Taxation in Canada, Capital gains tax, Taxation in China, Taxation in Poland, Taxation in the Czech Republic, Opportunity zone, Investor, Investment

FRESH MEADOWS, N.Y., March 16, 2021 /PRNewswire-PRWeb/ -- Global Technology Impact Fund , Corp. launches seeking investors for their Qualified Opportunity Zone Fund.

Key Points: 
  • FRESH MEADOWS, N.Y., March 16, 2021 /PRNewswire-PRWeb/ -- Global Technology Impact Fund , Corp. launches seeking investors for their Qualified Opportunity Zone Fund.
  • In exchange for following the rules of investing in Qualified Opportunity Zones through Qualified Opportunity Funds, investors can receive substantial capital gains tax incentives immediately and over the long term.
  • Gains must be invested in a Qualified Opportunity Fund within 180 days to qualify for any tax treatment available under Opportunity Funds.
  • Those who hold their Opportunity Fund investment for at least 10 years can expect to pay no capital gains taxes on any appreciation in their Opportunity Fund investment.

United Development Funding IV and United Development Funding Income Fund V Announce Distributions for Q1 2021

Retrieved on: 
Monday, March 15, 2021
Finance, Real estate investment trust, Investment trust, Money, Trust law, Real estate investing, Law, Taxation in Canada

United Development Funding Income Fund V (UDF V) also announced today that on March 11, 2021 its board of trustees authorized a cash distribution of $0.254 per share payable on March 31, 2021 to shareholders of record at the close of business on March 24, 2021.

Key Points: 
  • United Development Funding Income Fund V (UDF V) also announced today that on March 11, 2021 its board of trustees authorized a cash distribution of $0.254 per share payable on March 31, 2021 to shareholders of record at the close of business on March 24, 2021.
  • United Development Funding IV is a Maryland real estate investment trust.
  • UDF IV was formed primarily to generate current interest income by investing in secured loans and producing profits from investments in residential real estate.
  • United Development Funding Income Fund V is a Maryland real estate investment trust.

Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

Retrieved on: 
Friday, March 12, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Financial ratios, Investment, Taxation in Canada, Dividend, Shareholders, Income trust, Return of capital, Rate of return

The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0790 per common share payable March 15, 2021, to shareholders of record as of February 26, 2021.

Key Points: 
  • The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0790 per common share payable March 15, 2021, to shareholders of record as of February 26, 2021.
  • It is currently estimated that $0.0400 per share represents net investment income and $0.0390 per share represents return of principal.
  • The distribution will be calculated as 10 percent of the previous months average NAV, divided by 12.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.

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

Retrieved on: 
Wednesday, March 10, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Financial ratios, Financial markets, Taxation in Canada, Dividend, Shareholders, Rate of return, Income trust, Comprehensive income, Dividend payout ratio

Putnam estimates that $0.0169 per share of Putnam Master Intermediate Income Trusts dividend is paid from accumulated net investment income, and $0.0051 per share represents a return of capital.

Key Points: 
  • Putnam estimates that $0.0169 per share of Putnam Master Intermediate Income Trusts dividend is paid from accumulated net investment income, and $0.0051 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 $0.0193 per share of Putnam Premier Income Trusts dividend is paid from accumulated net investment income, and $0.0067 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.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, March 9, 2021
Banking, Professional services, Finance, Tax, Economy, Money, Income tax in the United States, Income tax, Alternative minimum tax, Taxation in Canada, Taxation in Australia, Legal entities, State taxation in the United States, International taxation, Taxation in the United States

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Retrieved on: 
Monday, March 1, 2021
Finance, Money, Economy, Corporate finance, Equity securities, Stock market, Income tax in the United States, Income tax, Stock, Taxation in Canada, Institutional investors, Capital gains tax

* PDO completed the initial public offering of its common shares on January 29, 2021 and has not previously paid a monthly distribution for its common shares.

Key Points: 
  • * PDO completed the initial public offering of its common shares on January 29, 2021 and has not previously paid a monthly distribution for its common shares.
  • There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes.
  • The tax treatment and characterization of a Fund's distributions may vary significantly from time to time because of the varied nature of the Fund's investments.
  • As with any stock, the price of a Funds common shares will fluctuate with market conditions and other factors.