federal income tax principles, reportable on a Form 1099. As a result, any distribution made on a share by Superior Plus is treated as foreign-source dividend income under U.S. Superior Plus has made an election to be taxed as a corporation for U.S. Shareholders are encouraged to seek advice from a qualified tax advisor in their country or residence to obtain guidance with respect to the appropriate tax treatment of their distributions.
The following information is provided for general information only and should not be construed to be legal or tax advice to any shareholder. in “street form”), the shareholder will need to obtain a T5 tax slip from the broker. However, if the shares are held in the name of a broker (i.e.
Please note that if the shares are registered in the investor’s name, the T5 will be sent directly from Superior Plus to the shareholder. Shareholders with an investment outside of an RRSP, RRIF, or DPSP who received dividends will receive a “T5 Supplementary” tax slip, which is required to be mailed on or before February 28, 2022.
Shares held outside of an RRSP, RRIF or DPSP: Instead, the amount of capital and any earnings in the plan are taxed only on withdrawal from the plan. If the investment in the shares of Superior is held within one of these plans, income earned in respect of the shares is not subject to tax in the year. Shares held within a Registered Retirement Savings Plan (RRSP), a Registered Retirement Income Fund (RRIF), or a Deferred Profit Sharing Plan (DPSP): This material is not intended to replace professional investment or tax advice. The information presented is general in nature and cannot possibly address every situation experienced by all investors. The following is intended to provide individual shareholders of Superior Plus with additional information to assist in the preparation of their 2021 Canadian T1 Income Tax returns.
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