Re: Increased ACB and Improved tax position for investors
The 2022 tax year tax factors for Maple Leaf Short Duration 2021 Flow-Through LP (MLSD 2021) were processed by the funds back office in March 2023.
Our quality control team did a regular check on the tax factors and found a minor clerical error in the tax factors for MLSD 2021 and made the necessary corrections.
As a result, amended tax factors were submitted for the corrected amounts.
Please also note that after this exhaustive review, it was also determined that the ACB was originally underestimated. As such, the ACB has been increased now to reflect the correct ACB and this increase will result in a reduction in capital gains tax payable and therefore an improvement in the investors tax position.
ACB Per LP Unit | ACB Per Mutual Fund Unit | |
National Class A CUSIP: 56532L102 | 13.83047 | 3.07340 |
National Class F CUSIP: 56532L409 | 14.36431 | 3.07535 |
Quebec Class A CUSIP: 56532L201 | 7.83796 | 2.32423 |
Quebec Class F CUSIP: 56532L300 | 8.10913 | 2.31674 |
All tax factors will not be processed without the quality control team’s procedures and to prevent this from ever happening again.