Has Brookfield Infrastructure Partners generated or is it expected to generate Effectively Connected Income (ECI) or Commercial Activity income? Instead, Brookfield Infrastructure Partners receives various types of passive investment income, such as interest, dividends and return of capital, from subsidiary corporations that carry on business in various jurisdictions. Brookfield Infrastructure Corporation My tax software requires that I insert a North American Industry Classification System (NAICS) code. Alternatively, Canadian unitholders can find information about the amount of taxes withheld on their monthly/annual broker statements. BOARD OF DIRECTORS CHARTER . Prior year results reflected an additional 12.5% ownership in our U.S. gas pipeline, which was sold in March. 83870 Signes. BOX 505000 For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. Brookfield Infrastructure Partners has not been and does not expect to be engaged in a U.S. trade or business within the meaning of Treas. I am a Canadian resident. An fundraising target was not disclosed. If you are a U.S. unitholder and did not receive your Schedule K-1 for the previous taxation year please contact us at (866) 949-2771 or atwww.taxpackagesupport.com/brookfield. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. Please also see a letter from counsel on this issue, as well as more detailed discussion on this new rule and its applicability to BIP units. For U.S. residents, in general, a unitholder's tax cost of his/her Brookfield Infrastructure Partners units should equal the sum of (i) the amount paid to acquire the units and (ii) the net taxable income allocated to the unitholder, minus the cash distributions received. Unitholders are solely responsible to accurately compute and track the tax cost of their Brookfield Infrastructure Partners units. We are one of the worlds largest infrastructure investors. Because the withholding tax process is administered by the brokerage community rather than us, taxes withheld are only reported on Forms 1099-INT and 1099-DIV (and not on Schedule K-1). Box 43078 The T5013 form does not require us to report a NAICS code but it would seem some personal software tax programs ask for them. Brookfield Infrastructure Partners L.P. is characterized as a corporate limited partnership for Australian income tax purposes. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. X Yes No 9. BMU identifies the source of the income as Bermuda. The fund is located in New York, New York. Box 171 on the T5013 tax slip should show the foreign taxes withheld. Reg. Yes, the K-1 Form you receive should include all information that is required by law for you to e-file your U.S. personal tax return. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. What is Brookfield Infrastructure Partners Quebec Tax ID Number? The fund prefers to make impact investments in infrastructure. Sec. My tax software requires that I insert a six-digit Tax Shelter (TS) number. Brookfield Infrastructure Partners L.P. will not be issuing any Australian tax forms. Results reflect the construction of 12,000 telecom tower sites across our portfolios in India and France to accommodate mobile data growth and corresponding network densification requirements. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Please note that Brookfield Infrastructure Partners previous audited annual and unaudited quarterly reports have been filed on SEDAR and Edgar, and can also be found in the shareholders section of its website at www.brookfield.com/infrastructure. The amount of interest, dividends and returns of capital that is earned and then allocated to unitholders will vary depending upon the particular business unit(s) from which funds are sourced. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. Why did I receive a Schedule K-1? Brookfield Infrastructure Fund III is a 2016 vintage infrastructure value added fund managed by Brookfield Asset Management. We cannot send a replacement form to a non-registered unitholder. Please note that we are required to issue K-1 forms to all U.S. unitholders, regardless if their units are held in a tax deferred account such as an IRA. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to a European unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%. Clos de Danjean. In general, this special distribution will reduce the adjusted cost base of your interest in the partnership units of Brookfield Infrastructure Partners L.P. by an amount equal to the fair market value at the time of the special distribution of the class A shares you have received. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex. 1.1446(f)-4(b)(3)(iii) as applicable. Brookfield Infrastructure Corporation Reports Sec. What is my Adjusted Cost Base? The fund targets infrastructure, transportation, renewable energy, power, utilities, waste & water management, oil & gas, industrials, and commercial services sectors. A significant portion of Brookfield Infrastructure Partners income is Bermuda source dividend which is a fully taxable "ordinary dividend. Consolidated Statements of Cash Flows, Brookfield Infrastructure Partners L.P. Altitude : 350 m. Cliquez pour afficher le (s) numro (s) 04 94 90 88 . Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Our goal is simple: to generate growth and attractive long-term risk-adjusted returns for our investors to serve their stakeholders, all while providing the highest level of service. Non-U.S. investors that own 5% or less of Brookfield Infrastructure Partners publicly traded units should not be subject to FIRPTA taxation on a disposition of their units. Note that as Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI), we do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(b) and 1446(f). Computershare We do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of their units. Brookfield Infrastructure Partners has not been and does not expect to be engaged in a U.S. trade or business within the meaning of Treas. The rate of withholding varies, amongst other factors, depending on the type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners L.P.s transfer agent in the case of registered unitholders) with the appropriate Canada Revenue Agency ("CRA") form (Form NR301, NR302, and NR303). Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . Businesses that provide essential services and critical infrastructure to transmit and store data (). The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Consequently, the brokers are responsible for withholding taxes as only they possess the requisite information about the unitholder that is necessary to calculate the appropriate amount to withhold as is typical for publicly traded securities. Tel:416-956-5129 Consolidated Statements of Financial Position, Brookfield Infrastructure Corporation There may be minor differences due to exchange rates. The Canadian firm has already made four seed investments from BID II, which it raised in a little over a year. Sec. Why dont I receive the full distribution amount? The source of funds for the distributions will also affect how much, if any, of the distributions are subject to withholding tax. Why did I receive a Schedule K-1? Fund # 805-2824939657: CIK # 0001575108: Sale: 2013-05-30 ($6.6 BB Sold) Fund: Private Equity Fund Current year results also reflect elevated commodity prices across our existing businesses. These positive factors were partially offset by an increase infuture U.K. tax rates, which led to the recognition of a non-recurring deferred tax expense during the year. The Statements of Funds from Operations per unit above are prepared on a basis that is consistent with the Partnerships Supplemental Information and differs from net income per limited partnership unit as presented in Brookfield Infrastructures Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. Toute l'anne 2023. Systems involved in the movement of freight, commodities and passengers. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. Log in. 1.1446(f)-4(b)(3)(iii) as applicable. When will I (non-registered unitholder) receive my Tax Form (T5013)? The source said it had exceeded its US$1.75bn fundraising target and was more than three times larger than its debt fund, which closed with US$885m at the end of 2017. The funds predecessor, Brookfield Infrastructure Debt Fund, raised $885 million and closed, Glossary, videos, podcasts, research in the Resource Center. La population mtropolitaine est quipe pour effectuer le tri du verre, du papier et des emballages. We would generally expect Australian tax resident unitholders to treat Brookfield Infrastructure Partners L.P.'s distributions as unfranked dividends unless otherwise advised. Infrastructure Investor 100 Global Investor 50 2022 LP Perspectives 2023 Fundraising Direct Investment Regulation Debt Transport ESG Europe Asia-Pacific News & Analysis Fundraising Investors Deals People Rankings & Reports Rankings Infrastructure Debt 30 Infrastructure Investor 100 Global Investor 50 Global Investor 50: 2021 150 Royall St., Suite 101 Who applies the withholding tax? Regulated or contracted businesses that earn a return on asset base. Insights; Podcasts; Newsroom; Footer menu. Reg. Previously issued notices can be found in the Qualified Notices section below. How can I obtain a tax credit for foreign taxes withheld? What is the tax nature of the income earned by Brookfield Infrastructure Partners? Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Issuer Size 6. Reg. Assets that handle the movement and storage of commodities from a source of supply to a demand center. NTSs high-quality pipeline covers more than 2,000 kilometers, crossing the densely populated states of So Paulo, Rio de Janeiro and Minas Gerais. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Brookfield Asset Management 's fourth unlisted infrastructure fund has closed on $20 billion, becoming the largest fund the firm has ever raised in any asset class, Sam Pollock, head of the infrastructure group, told Infrastructure Investor. The Schedule K-1 is the U.S. equivalent of a Form T5013. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructures businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favorable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics such as COVID-19 on our business and operations (including the availability, distribution and acceptance of effective vaccines), the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by BIPC with the securities regulators in Canada and the United States including Risk Factors in BIPCs most recent Annual Report on Form 20-F and other risks and factors that are described therein.