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Tax Measures Under Canada’s COVID-19 Economic Response Plan

Reader Alert: On September 24th, 2020, the Speech from the Throne announced many tax and related initiatives including the extension of the Canada Emergency Wage Subsidy (the “CEWS”) program to the summer of 2021.[1] Reader Alert: On July 17, 2020, the Government of Canada released details, as well as draft legislation, in respect of a redesigned Canada Emergency Wage Subsidy...

Ecofin Tax-Advantaged Social Impact Fund Estimated Capital Gains Distribution

LEAWOOD, KS–(BUSINESS WIRE[1])–To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gains distribution expected to be paid during 2020. These estimates were prepared using capital gain amounts as of October 31, 2020. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will...

FMO Announces Accrual for Income Tax Expense

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — Fiduciary/Claymore Energy Infrastructure Fund (“FMO” or the “Fund”) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments. The Fund’s net asset value per share (“NAV”), which was impacted on November 13, 2020, is $6.20, which takes into account such...

You might get an interest check for your late tax return—here’s who qualifies and what to do with the money

While the second round of stimulus checks[1] are still in limbo, a small category of taxpayers can anticipate getting some additional cash sometime soon, this time from the IRS. According to a press release,[2] nearly 14 million Americans will receive an interest payment check for their delayed tax refunds. A long-standing law requires the IRS to pay interest to those who received...