This information is of a general nature only and is not intended to be, nor should it be construed to be legal, business or tax advice to any particular shareholder. AltaGas recommends shareholders consult with tax advisors regarding the income tax considerations applicable to them in their particular circumstances.
Canadian Resident Tax Information
AltaGas Ltd. hereby advises all shareholders that effective July 1, 2010 all dividends paid on its common and preferred shares will be designated as "eligible dividends" for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website. For more information regarding the designation of dividends, please refer to Canadian Revenue Agency release dated December 20, 2006. If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canadian Revenue Agency.
Non-Canadian Resident Tax Information
Common share dividends paid by AltaGas will be subject to Canadian withholding tax at the rate of 25% unless the rate is reduced under the provisions of a tax treaty between Canada and the non-resident shareholder’s jurisdiction of residence. Where the non-resident shareholder is a United States resident entitled to benefits under the Canada-U.S. tax treaty, the rate of Canadian withholding tax on dividends is generally reduced to 15%. You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes.
AltaGas anticipates that its dividend paid to U.S. investors will be considered to be “qualified dividends” as those terms are defined in the U.S. Internal Revenue Code. If you have any questions regarding the taxation of Canadian dividends in your local jurisdiction, please contact your local tax advisor.