Income Tax Information

Canadian Tax

The T5013 tax slips for Pure Multi-Family are issued by the participating brokerage firms.  To obtain copies of your tax slips and tax information specific to you, please contact your financial advisor. The deadline for the mailing of these slips is March 31st of each year.
 
If units are held in a registered account, no tax slips will be issued.
 
The following table is for information purposes only.
 

Tax Factors

Return of Capital*

Interest
(Canadian sources)*

Foreign dividend + interest*

Capital Gain

CDS Report

Canadian Taxable Income Distribution

2014

23.48%

0.02%

75.08%

1.42%

2014 CDS

2014

2015

31.56%

0.02%

63.69%

4.73%

2015 CDS

2015

2016

48.22%

0.07%

46.75%

4.96%

2016 CDS

2016

2017

67.11%

0.19%

30.57%

2.13%

2017 CDS

2017

* As required under relevant tax rules, U.S. withholding tax was remitted for taxable unitholders to the Internal Revenue Service in the United States based on management’s estimates (and at withholding tax rates determined in part by the nature and status of unitholders, as indicated to Pure Multi-Family REIT LP by the unitholders' agents).  The actual breakdown between return of capital and dividend income for U.S. and Canadian tax purposes will be determined and posted once year-end tax information becomes available.

 

Withholding Tax

1) Please note that information included in this CDS posting does not include U.S. tax withheld by brokers in respect of their clients who are unitholders of this partnership.

2) U.S. tax withheld, if any, in respect of each unitholder should be reported by the brokers on Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) and issue to the unitholders as required under the Qualified Intermediary Agreement in IRS Revenue Procedure 2017-15. 3).  Pure Multi-Family REIT LP is not a withholding agent and therefore does not provide Form 1042-S.

 

Reporting

1) The Canadian dollar equivalent of the amount of U.S. tax withheld, as per Form 1042-S, should be reported by the brokers in Box 171 of T5013 (and Box 17 of R15) "foreign tax paid on non-business income". Pure Multi-Family REIT LP does not have the relevant information to complete this box.

2) U.S. withholding tax, if applicable, relates solely to "foreign dividend and interest income" reported in Box 135 of T5013 (and Box 8 of R15).

3) U.S. sourced capital gain reported in Box 156 (and Box 10 of R15) relates solely to foreign exchange. Effective July 2, 2014, the Class A units commenced trading in Canadian dollars under a new ticker symbol, while continuing to trade in U.S. dollars under a pre-existing ticker. Both tickers have the same CUSIP number.

How do I claim my U.S. foreign tax credit?  (21 KB, PDF)

Please note: U.S. tax withheld, if any, in respect of each unitholder will be reported on monthly/annual statements or Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) which unitholders receive from their respective brokers.

 

U.S. Tax

If you were a U.S. Resident owner of Pure Multi-Family REIT LP units at any time during 2017, you will receive a 2017 K-1 Tax Package.
 
Questions about your Pure Multi-Family REIT LP, 2017 K-1 Tax Package, can be directed as follows:
 
Phone: 267-256-5882
Email: us-taxpurek-1help@kpmg.com
 
Please refer to the documents below for information on relevant U.S. income tax slips for the 2017 tax year: