| 2010 Tax Information
Please note that the sample T5013 and Releve 15 froms attached above are prepared on the basis of an individual holding 1,000 Class A units throughout 2010 and thus received $905 in distributions.
Please be advised that Inter Pipeline does not prepare the T5013 or Releve15 forms which you receive. Rather, you receive your T5013 and Releve 15 forms from either the entity which holds your investment (e.g. investment advisor) or Inter Pipeline's transfer agent, Computershare.
Frequently Asked Questions
1. As a Class A unitholder, am I responsible for completing my own T5013 or Releve 15 form?
Neither Inter Pipeline nor Class A unitholders are responsible for completing individual T5013 or Releve 15 tax forms.
If your Inter Pipeline Class A units are registered directly with Computershare Trust Company of Canada (Computershare), then Computershare is responsible for completing and mailing your T5013 or Releve15 form.
If your Inter Pipeline Class A units are held beneficially through a brokerage firm, then your brokerage firm will be responsible for completing and mailing the T5013 or Releve 15 form.
Unitholders are advised to consult their own tax advisors as to their particular income situation regarding tax-related matters.
2. When will the T5013 forms be mailed to unitholders?
According to the Income Tax Act (Canada), preparers have until March 31 of the current year to mail out the T5013 or Releve 15 forms to individual unitholders.
3. Who should I contact if my T5013 form or Releve 15 form was completed incorrectly or was missing information?
If your T5013 form is incorrect or missing information, please contact your broker or Computershare. Inter Pipeline is not responsible for completing or mailing individual tax forms to unitholders.
4. What portion of the 2010 distributions is considered to be taxable income or a return on capital?
During 2010, Inter Pipeline declared cash distributions totalling $0.9050 per Class A unit. The 2010 taxable portion amounts to $0.9050 per unit or 100% of total cash distributions. There was no return of capital in 2010.
5. Can you please provide a breakdown of the taxable portion of your distributions since inception?
Tax information, including a breakdown of income and return of capital, can be found under unitholder information. To access this pdf file now, please click HERE.
6. How do the taxable items found on my T5013 or Releve 15 form add up to the distributions that I received?
The following table summarizes the taxable amounts found on the T5013 / Releve 15 forms for an investor who owned 1,000 Class A units and received $905 in distributions for the 2010 calendar year:
Federal/Quebec Reference |
Amount |
Box 22 / Box 1: Limited partnership business income |
$849.50 |
Box 50 / Box 7: Interest from Canadian sources |
$0.84 |
Box 55 / Box 8: Foreign dividend and interest income |
$54.66 |
Amount taxable before capital loss |
$905.00 |
Box 70 / Box 12: Capital loss (taxable portion) |
($3.08) |
Amount taxable if claiming capital loss |
$901.92 |
In the example above, the investor’s distribution is 100% taxable before claiming the capital loss.If a investor is able to claim the capital loss, the investor will be taxable on approximately 99.66% of the total distributions received.
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