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2006 TAX INFORMATION
(posted Jan 31/07)
CORPORATIONS 2006
(based on payable date)
Product Capital Gains Eligible Canadian Dividend Income Return of Capital (Non Taxable ) Total
Split Yield Capital (YLD) 0% 0% 0% 0
Split Yield Class I Pfd (YLD.PR.A) 0% $1.10
(100%)		 0% $1.10
(100%)
Split Yield Class II Pfd (YLD.PR.B) 0% 0% $1.05
(100%)		 $1.05
(100%)
         
Financial Services Income STREAMS Cap Yield (STR) 0% 0% 0% 0
Financial Services Income STREAMS Eq Divi (STR.E) 0% $0.23952
(13.69%)		 $1.51008
(86.31%)		 $1.7496
(100%)
         
Capital Gains Income STREAMS Cap Yield (CGQ) 0% 0% 0% 0
Capital Gains Income STREAMS Eq Divi (CGQ.E) 0% $0.20652
(19.67%)		 $0.84348
(80.33%)		 $1.05
(100%)
         
Income STREAMS III Cap Yield (STQ) 0% 0% 0% 0
Income STREAMS III Eq Divi (STQ.E) 0% $0.20508
(19.53%)		 $0.84492
(80.47%)		 $1.05
(100%)
         
Financial 15 Split Class A (FTN) $1.45
(100.0%)		 0% 0% $1.45
(100%)
Financial 15 Split Pfd (FTN.PR.A) 0% $0.525
(100%)		 0% $0.525
(100%)
         
Dividend 15 Split Class A (DFN) $1.66296
(85.28%)		 $0.28704
(14.72%)		 0% $1.95
(100%)
Dividend 15 Split Pfd (DFN.PR.A) 0% $0.525
(100%)		 0% $0.525
(100%)
         
Financial 15 Split II Class A (FFN) $1.44217
(99.46%)		 $0.00783
(0.54%)		 0% $1.45
(100%)
Financial 15 Split II Pfd (FFN.PR.A) 0% $0.525
(100%)		 0% $0.525
(100%)
         
US Financial 15 Split Class A (FTU) $0.90228
(75.19%)		 $0.29772
(24.81%)		 0% $1.20
(100%)
US Financial 15 Split Pfd (FTU.PR.A) 0% $0.525
(100%)		 0% $0.525
(100%)
         
Canadian Life Companies Split Class A (LFE) $0.74832
(62.36%)		 $0.45168
(37.64%)		 0% $1.20
(100%)
Canadian Life Companies Split Pfd (LFE.PR.A) 0% $0.525
(100%)		 0% $0.525
(100%)
         
Prime Rate Plus Class A (PPL) $0.50854
(44.22%)		 $0.64147
(55.78%)		 0% $1.15001
(100%)
Prime Rate Plus Pfd (PPL.PR.A) 0% $0.64167
(100%)		 0% $0.64167
(100%)
         
Prime Dividend Class A (PDV) $0.59813
(52.01%)		 $0.55188
(47.99%)		 0% $1.15001
(100%)
Prime Dividend Pfd (PPL.PR.A) 0% $0.66622
(100%)		 0% $0.66622
(100%)
Tax info for Corporations is reported on a Canada Customs & Revenue Agency T5 Form. The T5 Form is produced by the broker and mailed to the investor no later than February 28. Please contact your broker regarding T5 enquiries.
TRUSTS 2006
(based on record date)
Product Capital Gains Eligible Canadian Dividend Income Return of Capital (Non Taxable) Total
Income Financial PLUS (INZ.UN) 
Note on Merger
 		 0% 0% $0.8666
(100%)		 $0.8666
(100%)
Income Financial (INC.UN)
 		 $0.42681
(16.77%)		 $0.19215
(7.55%)		 $1.926
(75.68%)		 $2.54496
(100%)
American Income (USA.UN)
Note on Merger
 		 0% 0% $0.36026
(100%)		 $0.36026
(100%)
AmeriStar (RSP.UN)
Note on Merger
 		 0% 0% $0.44279
(100%)		 $0.44279
(100%)
Tax info for Trust Funds is reported on a Canada Customs & Revenue Agency T3 Form. The T3 Form is produced by the broker and mailed to the investor no later than March 31. Please contact your broker regarding T3 enquiries.
TYPES OF INCOME EARNED
  • Capital gains are taxed at much lower rates than interest income, dividend income and foreign source non business income. The capital gains inclusion rate was 50% for 2005. The T-3 or T-5 you receive from your investment dealer will show the breakdown of the capital gains received from any of the Quadravest products.
  • Eligible Canadian Dividend Income received from Canadian companies is taxed at a much lower rate than interest income. This is because the corporation has already paid tax on its earnings before paying a dividend to the Fund. On your tax return, you actually report a grossed-up dividend and then claim an offsetting dividend tax credit. The T-3 or T-5 you receive from your investment dealer will show the breakdown of the dividend income received from any of the Quadravest products.
  • Interest income received from a money market instrument or bond is fully taxable in the same manner as a salary or pension.
  • Foreign non business income includes foreign dividends and are fully taxable, however there will be a credit for any foreign withholding taxes paid.
  • Return of Capital (Non Taxable) distributions received must be used by the investor to reduce the adjusted cost base (ACB) of their shares/units. This will impact the capital gains realized by each investor upon any future dispositions of the shares/units. As an example, if a 50 cent per unit non-taxable distribution was received during the year, the investor would reduce the cost base of each unit by 50 cents.