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).
The T1229 is dealt with in the tax filling guide- Tax Filling Guide