TSX:DHT.UN - Post by User
Comment by SONOFFERGUSon Apr 19, 2025 1:00pm
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Post# 36544646
RE:T3 Error Update
RE:T3 Error UpdateHey junglejames.
Annoying.
I bought DHT for the first time in 2024 so spent a minute reconciling the T3 I received from TD Direct.
The T3 income for cash distributions ties in to the cash received. The distributions were about 0.75% less than the USD0.085/unit converted at Bank of Canada spot for the day. Fair enough for TD's slice.
The non-cash distribution for December, on the other hand, looks like it was converted at that 1.3698 average exchange rate for the year shown in the "statement of trust income allocations and designations." Odd, but whatever, as it's understating the dividend.
If your T3 shows amounts that weren't received (cash) or receivable (the non-cash distribution), it is wrong. If I were you, I would make an entry on Line 12100/9 to adjust to actual. Describe it like "DRI Healthcare T3 Box 25 -- adjustment to actual amounts per broker's statement" or such.
DHT pays nothing but fully-taxed income, so is best held in exempt or deferred accounts anyway.
Good luck!