The Trust has been structured to provide unitholders with tax advantages. Cash distributions received by investors in a given year are expected to exceed the amount required to be included as taxable income. This results in a tax deferral. The amount of the distribution that is tax deferred will reduce the adjusted cost base (ACB) of the unitholder’s trust units. The reduction in the adjusted cost base of the units is ultimately taxed as a capital gain when the unit is sold.

Canadian Unitholders
The following summary applies if you are a unitholder who is a resident of Canada under the Income Tax Act ( Canada) and holds the units as capital property. If this is not the case, please consult your tax adviser about your units.

Trust units held within an RRSP, RRIF or DPSP
If you hold your trust units within a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or a Deferred Profit Savings Plan (DPSP), no amounts are to be reported on your Income Tax Return.

Trust units held outside of an RRSP, RRIF or DPSP
Follow this table if you hold your units outside an RRSP, RRIF or DPSP, and have received cash distributions during the year.

If you hold trust units through a broker or other intermediary then you will receive a T3 Supplementary slip directly from your broker or financial intermediary, not from the transfer agent or the trust.

Each unitholder will receive a T3 supplementary slip for the tax year that will indicate the amount of “Capital Gains” – Box 21, “Dividend Income” – Box 23, and “Other Taxable Income” – Box 26, that are to be included in their tax return. The dividends will be subject to the standard gross-up and federal dividend tax credit rules.

2008

The following schedule outlines, for income tax purposes, the cash distributions paid in 2008 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.

2007

The following schedule outlines, for income tax purposes, the cash distributions paid in 2007 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.

2006

The following schedule outlines, for income tax purposes, the cash distributions paid in 2006 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.

2005

The following schedule outlines, for income tax purposes, the cash distributions paid in 2005 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.

2004

The following schedule outlines, for income tax purposes, the cash distributions paid in 2004 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.

2003

The following schedule outlines, for income tax purposes, the cash distributions paid in 2003 and the taxable portion of each cash distribution per trust unit. The adjusted cost base (ACB) is based on the purchase of a $10 unit at the time of the offering.