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