To view record dates with distributions paid and the taxable income that should be allocated, please click below:
Registered non-resident Unitholders are subject to withholding tax on 100% of the distribution at the following rates:
U.S. = 15%; Other = 25%.
Once the breakdown of the distribution is determined, withholding tax paid on the return of capital portion of the distribution is refundable. Investors may be eligible to receive a refund once the breakdown of the distribution payment is known.
In addition, for non-residents who participated in the DRIP, non-resident withholding tax is deducted from the non-residents’ distributions prior to determining the reinvestment amount and the 3% bonus.
A holder of Dream Industrial REIT Units is generally required to include the taxable income received from the REIT in his or her income tax return. The taxable portion of the distribution has to be included even if the distribution is reinvested under the Distribution Reinvestment and Unit Purchase Plan.
Canadian Unitholders will receive a Statement of Trust Income Allocations and Designations (T3) for income tax purposes. You should receive a statement either from your financial institution or stockbroker if you hold your Units in an account or directly from Dream Industrial REIT’s transfer agent, Computershare Trust Company of Canada, if you are a registered Unitholder and are in possession of a Unit Certificate.
Non-resident Unitholders should receive a Statement of Amounts Paid or Credited to Non-Residents of Canada (NR4) with the taxable income reported in box 16 and the non-resident tax withheld shown in box 17.