Entering a United Farmers of Alberta (UFA) equity statement

General information regarding a UFA Investment Share Dividend Statement:

The statement for a United Farmers of Alberta (UFA) Investment Share Dividend only applies to the asset value increase of the account. The dividends are paid on quarterly or yearly amounts greater than $50. T4A are issued for investment income greater than $50. Amounts less than $50 don’t need to be claimed.

Track any retained income tax, as you'll need to enter this amount on page 4 of the T1 General Tax form or line 800 of the T2 corporate tax form. You'll receive a statement showing the detail information of the member’s account -- Class A shares, revolving equity and investment shares. One twelfth of the annual revolving equity is transferred into investment shares on an annual basis.

(Sample UFA statement) 

Last updated on February 6, 2013 by FCC Management Software