International Information Reporting. Pursuant to the Canada-United States Enhanced Tax Information Exchange Agreement entered into between Canada and the United States on February 5, 2014 (the “IGA”) and related Canadian legislation in the Tax Act, the dealers through which Unitholders hold their Units are required to report certain information with respect to Unitholders who are U.S. residents and U.S. citizens (including U.S. citizens who are residents and/or citizens of Canada), and certain other “U.S. Persons”, as defined under the IGA (excluding trusts governed by registered retirement savings plans, registered retirement income funds, deferred profit sharing plans, registered disability savings plans, registered education savings plans and tax-free savings accounts), to the Canada Revenue Agency (“CRA”). The CRA is expected to provide the information to the U.S. Internal Revenue Service. Canada will also implement the OECD Multilateral Competent Authority Agreement and Common Reporting Standard (“CRS”) which provides for the automatic exchange of certain tax information. The CRS will be effective in Canada as of July 1, 2017 with the first exchanges of financial account information beginning in 2018. Affected investors will be required to provide certain information including their tax identification numbers for the purpose of such information exchange.
International Information Reporting. In accordance with the Canada-United States Enhanced Tax Information Exchange Agreement (the “IGA”) and Part XIII of the Income Tax Act (Canada) and related guidance issued in connection therewith (together, “FATCA”), the Corporation and/or the Dealer is required to report on behalf of the Corporation certain information with respect to Subscribers who are U.S. residents and/or U.S. citizens (including U.S. citizens who are residents or citizens of Canada), and certain other “U.S. Persons” as defined under the IGA, to the Canada Revenue Agency (“CRA”). The CRA will then exchange the information with the U.S. Internal Revenue Service (“IRS”) pursuant to the provisions of the IGA. In accordance with Part XIX of the Income Tax Act (Canada) which implements the Organisation for Economic Co-operation and Development Common Reporting Standard (“CRS”), the Corporation and/or the Dealer is required to report on behalf of the Corporation certain information with respect to Subscribers who are tax resident in jurisdictions other than Canada and the U.S., or who are controlled by one or more individuals who are tax resident in such jurisdictions. The CRA will then exchange the information with the tax authorities in the relevant participating foreign jurisdictions. The Dealer has certified that it will comply with all necessary account classification, due diligence and reporting obligations under FATCA and CRS. The Subscriber agrees to provide any FATCA or CRS identification documentation requested by its Dealer such that the obligations under FATCA and CRS may be fulfilled. The Subscriber acknowledges that if the Dealer or the Corporation is required to report information to the CRA in connection with the Subscriber's investment in the Corporation, such report shall not be treated as a breach of any restriction upon the disclosure of information that may be imposed by Canadian law or otherwise. Privacy Policy Attached as Schedule B hereto is a copy of the Corporation’s Privacy Policy. By signing this Subscription Agreement, the Subscriber consents to the collection, use and disclosure of his, her or its personal information in accordance with such policy. Pursuant to applicable securities laws, the Corporation is required to periodically file a report of exempt distribution (the “Report”) with certain regulatory authorities, including the Ontario Securities Commission (the “Regulators”). The Report is required to include certain personal information about the purcha...
International Information Reporting. In accordance with the Canada-United States Enhanced Tax Information Exchange Agreement (the “IGA”) and Part XIII of the Income Tax Act (Canada) and related guidance issued in connection therewith (together, “FATCA”), the Manager is required to report on behalf of the Partnership certain information with respect to Subscribers who are U.S. residents or U.S. citizens (including U.S. citizens who are residents or citizens of Canada), and certain other “U.S. Persons” as defined under the IGA, to the Canada Revenue Agency (“CRA”). The CRA will then exchange the information with the U.S. Internal Revenue Service (“IRS”) pursuant to the provisions of the IGA. In accordance with Part XIX of the Income Tax Act (Canada) which implements the Organisation for Economic Co-operation and Development Common Reporting Standard (“CRS”), the Manager is required to report on behalf of the Partnership certain information with respect to Subscribers who are tax resident in jurisdictions other than Canada and the U.S., or who are controlled by one or more individuals who are tax resident in such jurisdictions. The CRA will then exchange the information with the tax authorities in the relevant participating foreign jurisdictions. In order for the Manager and the Partnership to comply with their FATCA and CRS obligations, all Subscribers must complete Schedule G, and must immediately notify the Manager if any information provided in Schedule G changes. The Subscriber acknowledges that any information reported to the CRA by the Manager under FATCA or CRS in connection with the Subscriber's investment in Units shall not be treated as a breach of any restriction upon the disclosure of information that may be imposed by Canadian law or otherwise.
International Information Reporting. Pursuant to the Intergovernmental Agreement for the Enhanced Exchange of Tax Information under the Canada-U.S. Tax Convention entered into by Canada and the U.S. (the IGA) and related Canadian legislation found in Part XVIII of the Income Tax Act (Canada) (the Tax Act), holders of Class F Units of Westboro Trust will be required to provide their dealer with information related to their citizenship or residence for tax purposes and, if applicable, a U.S. federal tax identification number, or in the case of certain entities with such information relating to their controlling persons. If a holder of Class F Units of Westboro Trust does not provide the information or is identified as, or in the case of certain entities as having one or more controlling persons who is, a “Specified U.S. Person”, as defined under the IGA (including U.S. citizens who are residents of Canada), certain account information and personal identifying details of the holder of Class F Units of Westboro Trust (and, if applicable, of such controlling persons) will generally be reported to the Canada Revenue Agency (CRA). The CRA will then provide the information to the U.S. Internal Revenue Service. In addition, pursuant to Part XIX of the Tax Act implementing the Organization for Economic Co- operation and Development Common Reporting Standard (the CRS Rules), Canadian financial institutions are required to have procedures in place to identify accounts held by residents of foreign countries other than the U.S. (Reportable Jurisdictions) or by certain entities any of whose “controlling persons” are residents of Reportable Jurisdictions. The CRS Rules provide that Canadian financial institutions must report required information to the CRA annually. Such information will be available to be exchanged by the CRA on a reciprocal, bilateral basis with Reportable Jurisdictions in which the account holders or such controlling persons are resident under the provisions and safeguards of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters or the relevant bilateral tax treaty. Under the CRS Rules, holders of Class F Units of Westboro Trust will be required to provide required information regarding their investment in Westboro Trust to their dealer for the purpose of such information exchange.
