Tax Treatments

Unless otherwise indicated, Northland Power common and preferred share dividends paid will be designated as eligible dividends for Canadian income tax purposes. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

Exceptions to the above

1. On January 22, 2011, Northland declared a dividend of $0.09 per share on the outstanding Northland Power Common Shares for the month of January, payable on February 15, 2011 to shareholders of record at the close of business on January 31, 2011. For income tax purposes, the entire $0.09 per share was not designated as an “eligible dividend”.
2. On September 4, 2013, Northland declared a dividend of $0.09 per share on the outstanding Northland Common Shares and Class A Shares for the month of September, payable on October 15, 2013 to shareholders of record at the close of business on September 30, 2013. For income tax purposes, $0.0438 per share was not designated as an eligible dividend under Canadian income tax rules. The remaining portion of the dividend, $0.462 per share was designated as an eligible dividend for Canadian income tax purposes.

Note: Northland does not provide tax or financial advice. Investors should contact their financial advisors for situation-specific advice.

Get more information

• Review the annual tax treatments from 1997 to December 2010. Click here to download PDF.
• Review how to calculate the adjusted tax basis of Northland shares converted from Northland Power Income Fund Units. Click here to download PDF.