Maple Leaf Tax Slips and Related Processes
The primary tax documents relevant to investors in Maple Leaf Funds are the T5013/RL-15 and the T1229 forms.
Each company within a given portfolio submits T101 slips to Maple Leaf Funds. These slips are consolidated to generate the T5013/RL-15 slips, which are then issued to individual investors. Maple Leaf Funds does not issue T101 slips directly to investors, as doing so could result in each investor receiving up to 100 separate forms annually.
The T1229 form is used in personal income tax returns to report amounts related to Canadian Exploration Expenses (CEE), Mineral Exploration Tax Credit (METC), and Canadian Mineral Exploration Tax Credit (CMETC), as outlined on the investor’s T5013/RL-15 slip. Each investor should include this completed form in their final income tax return submission to the Canada Revenue Agency (CRA).
Maple Leaf Limited Partnerships (LPs) are designed to hold a diversified portfolio of multiple flow-through investments, rather than a single flow-through asset. The LP aggregates the benefits of the Mineral Exploration Tax Credit (METC) and the Critical Mineral Exploration Tax Credit (CMETC) from various issuers within the portfolio. These tax credits are collected through T101 slips submitted to Maple Leaf and are subsequently allocated to investors via a consolidated T5013 tax slip.
For further information in relation to a specific LP please reach out to info@mapleleaffunds.ca.