Reduce Tax Deductions at Source
To reduce your tax deductions at source based on your investment into a Maple Leaf Flow-Through Limited Partnership, CRA requires that you provide them the applicable supporting documentation. Though most investors have no problems in having their tax deductions reduced at source based on an investment into a Maple Leaf Flow-Through Limited Partnership, some investors are unable to do so due to amounts owing to the CRA or a variety of other reasons unrelated to their investment in the partnership.
In order to have your tax deductions reduced at source you will require the following materials to accompany the submission of your T1213 to the CRA:
- A transaction confirmation or proof of purchase of Maple Leaf Flow-Through Limited Partnership units; a
- copy of the prospectus to which you invested in; and a
- supporting letter from the Maple Leaf Flow-Through Limited Partnership to which you invested in.
To request these materials, contact your financial advisor or Maple Leaf Flow-Through directly at info@mapleleaffunds.ca. You will need to provide your name, current address, phone number and email address when requesting the supporting letter.
FORM T1213 - REQUEST TO REDUCE TAX DEDUCTIONS AT SOURCE
The information on this page is not to be considered tax advice. Maple Leaf reminds you that each individual’s tax and investment planning situation is unique and professional advice should always be received from a qualified tax and/or investment advisor. We strongly recommend that you consult with your tax advisor to determine the optimal use of these tax deductions as well as the impact to you, if any, with respect to either alternative minimum tax or cumulative net investment losses.
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Investors may deduct issue costs associated with a flow-through limited partnership over a number of years subsequent to the dissolution of the partnership.
View the Issue Cost Deductions in:
All Maple Leaf Short Duration Flow-Through Limited Partnerships roll into Maple Leaf Resource Class Fund Code: CDO100 (the “Mutual Fund”). If you sell shares of the Mutual Fund you will need to know the adjusted cost base (“ACB”) per Mutual Fund share to determine capital gains or losses for tax reporting purposes.