Taxable Treatment of Distributions
Statement of Trust Income Allocation and Designations
To view record dates with distributions paid and the taxable income that should be allocated, please click below:
Non-Residents
Registered non-resident Unitholders are subject to withholding tax on 100% of the distribution at the following rates:
U.S. = 15%; Germany = 25%; Other = 25%.
Sample Calculation
Take for example, a registered non-resident holding 100 units, the monthly tax withheld on a per unit distribution is $0.125 will be calculated as follows:
| % of Tax Withheld | Gross Distibution | Tax Withheld | Net Distribution | |
|---|---|---|---|---|
| US | 15% | $12.50 | $1.875 | $10.625 |
| Germany | 25% | $12.50 | $3.125 | $9.375 |
| Other | 25% | $12.50 | $3.125 | $9.375 |
Income Tax
Fair Market Value
Gross Distribution who became Unitholders by exchanging their Dream Asset Management Corporation (formerly Dundee Realty Corporation) shares for units of Dream Office REIT (formerly Dundee REIT) should be aware of the Fair Market Value as at June 30th, 2003.
Distributions
A holder of Dream Office REIT Units is generally required to include the taxable income received from the REIT in his or her income tax return. The taxable portion of the distribution has to be included even if the distribution is reinvested under the DRIP.
Canadian Unitholders will receive a Statement of Trust Income Allocations and Designations (T3) for income tax purposes. You should receive a statement either from your financial institution or stockbroker if you hold your units in an account or directly from Dream Office REIT’s transfer agent, Computershare Trust Company of Canada, if you are a registered unitholder and are in possession of a unit certificate.
Non-resident unitholders should receive a Statement of Amounts Paid or Credited to Non-Residents of Canada (NR4) with the taxable income reported in box 16 and the non-resident tax withheld shown in box 17.