Turtle Creek Assets Management
Turtle Creek Assets Management
| New Category | Domestic |
| Investment Manager | Turtle Creek |
| Fund Status | |
| Archive | No |
| Custodian | NBCN |
| Jurisdiction | Canada |
| T1135 Reporting | No |
| Currency | CDN |
| Tax Slip | T Slips (T3/T5) Please note realized gain/loss reports will also need to be requested in order to ensure all transactions are captured. T slips provide data at the fund level but if a client triggers a sale or purchase it would not be captured in the T slip |
| Receiver of Tax Receipt |
RFO/Client |
| Tax Slips Expected |
March |
| Statements Expected |
Monthly |
| Accounting Treatment |
Per T Slip. Put to deferred income and reallocate per T slip. *Series accounting issue - shares moved between funds within Turtle Creek, from one series to another. This occurred in 2016 and this is a non-taxable event. *Note that reinvested distributions might not show up on broker statements and might not be reflected in ACB on B/S therefore make sure to request T3 slip yearly. *The fund published estimates per class of units that can be used. Please check with RFO/Client to see if tax slips were received before using these estimates. The estimates is available in Tax Memo/Special Treatment. |
| Tax Memo/ Tax Treatment |
Per T Slip |
| US Tax Return Required | No |
| Type | Pooled Investment Fund |
| Nature of Investment |
Concentrated portfolio of 20-25 names of mid-cap stocks. Predominately invests in non-resource, non-bank Canadian public companies. Employs a private equity type of discipline |
| Notes |