Why is the distribution a Unitholder receives on January 15 of each year included in the prior year’s T3?
The income reported on the T3’s provided to Unitholders of record on December 31, includes the distribution per unit for the period December 1 to 31. As distributions are paid monthly in arrears, this distribution of December’s income, paid January 15, is required to be included in the prior year’s T3.
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- Why is the distribution a Unitholder receives on January 15 of each year included in the prior year’s T3?
