Aberdeen Asia Pacific (FAP)

[Zachary Johnston]

Hi everyone,

I never received a T5 for 2021 from FAP and I don't see one on computershare. In one of the docs they sent out it states the following:  "The Board has determined that 100% of distributions paid in the 2021 calendar year will be a return of paid-in capital out of par value under Cook Islands law."

My understanding is there are no taxes for 2021 as a Canadian? If anyone can clear this up that would be great! 

Thanks.

[Stuart MacDonald]

My understanding is that 100% of the distributions in 2021 are classified as Return of Capital, which means, you have to update your adjusted cost basis. But yes, there is nothing to report on your income taxes.

I received, I assume, the same statement as you did. It later says "Return of paid-in capital out of par value is not reportable on the Form T-5 and therefore you will not be receiving a form for the 2021 calendar year. " It's interesting. Return of Capital can be reported on a T5. I have to assume what's meant is that it's not required to be reported.

Also weird is that they referred to it as a T-5 and not T5.

...Stu

[Jerry Lee Daniel]

MT103/202 DIRECT WIRE TRANSFER
PAYPAL TRANSFER
CASHAPP TRANSFER
ZELLE TRANSFER
TRANSFER WISE
WESTERN UNION TRANSFER
BITCOIN FLASHING
BANK ACCOUNT LOADING/FLASHING
IBAN TO IBAN TRANSFER
MONEYGRAM TRANSFER
IPIP/DTC
SLBC PROVIDER
CREDIT CARD TOP UP
DUMPS/ PINS
SEPA TRANSFER
WIRE TRANSFER
BITCOIN TOP UP
GLOBALPAY INC US
SKRILL USA
UNIONPAY RECEIVER

Thanks.


NOTE; ONLY SERIOUS / RELIABLE RECEIVERS CAN CONTACT.

DM ME ON WHATSAPP
+44 7405 896213