PW1006 39090 2/17
Generally, if you receive a management fee reduction on an investment in one of our corporate class funds, you must report the amount of the
reduction as income in the year in which you received it. However, you may instead elect to reduce the adjusted cost base of your corporate
class fund shares by the amount of the reduction. In this case, when you redeem your investment, you will realize a larger capital gain, or a
smaller capital loss, than if you had not made the election.
If you would like to reduce the adjusted cost base of your shares, simply complete the section below and submit this form with your tax return.
Instructions for completing and submitting this form
1. Use one form for each class fund for which you elect to reduce your adjusted cost base.
2. Use this form for corporate class funds only. This election is not available for management fee reductions on trust funds, which are included
on your T3 tax slip.
3. Please submit your completed form(s) to CRA. If you choose to make this election, include the form(s) with your tax return for the year in
which you received the reduction. Please do not submit this form to Mackenzie Investments.
Note: It is possible to make the election retroactively; however, this requires the approval of Canada Revenue Agency.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.
Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This should not be construed to be legal or tax advice, as each
client’s situation is different. Please consult your own legal and tax advisor.
ELECTION WITH RESPECT TO MANAGEMENT FEE REDUCTIONS RECEIVED FROM MACKENZIE
, hereby elect under subsection 53(2.1) of the
Income Tax Act
(Canada) to reduce the adjusted
cost base of shares of my Series
of Mackenzie Financial Capital
Corporation by $
, being the amount of management fee reductions received from Mackenzie Financial Corporation for the year ended
As a result of this election, the adjusted cost base of these shares will be reduced from $
to $ .
Name of Investor
ACB before election
ACB after election
EXAMPLE: An investor purchases $200,000 of series PW shares of Mackenzie Ivy Foreign Equity Class, and receives a management fee reduction of $500
in the current year, which was reinvested in additional shares.
I, John Smith, hereby elect under subsection 53(2.1) of the
Income Tax Act
(Canada) to reduce the adjusted cost base of my Series PW shares of Mackenzie Ivy Foreign
Equity Class of Mackenzie Financial Capital Corporation by $500, being the amount of management fee reductions received from Mackenzie Financial Corporation
for the year ended December 31, 20•. As a result of this election, the adjusted cost base of these shares will be reduced from $200,000 to $199,500.
Name of Series Name of Corporate Class Fund
Management Fee Reductions
Mackenzie Financial Capital Corporation