Tuesday 24 February 2009

iShares Tax Info for 2008 Now Available

Those who use iShares Canada ETFs can get started on tax preparation in advance of receiving T3s from brokers as BGI published the 2008 tax distribution breakdown yesterday. The press release conveniently lists the data for all the iShares funds on one page. As of this morning, the distribution data doesn't show up yet in the individual fund information on the website.

To do all the tax book-keeping for 2008, one must adjust the Adjusted Cost Base by subtracting the Return of Capital (on the press release) and adding the Reinvested Distribution per Unit, which only appears under each ETF's Distribution History link, such as this one for XIU (it would have been helpful for BGI to stick that number on the press release too).

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