Hedge Fund Subscription Procedure (Page 19 of 23) in pdf

U.S. Internal Revenue Service (IRS). As a result, Canadian financial institutions are required to ask whether you are a U.S. citizen or a U.S.

resident for U.S. tax purposes at the time of account opening. Please advise AGF Investments Inc. immediately if you have a change in

circumstances that would result in you becoming a U.S. citizen or a U.S. resident for U.S. tax purposes (or if you cease to be a U.S. citizen or

a U.S. resident for U.S. tax purposes).

Requirement to provide Taxpayer Identiﬁcation Number(s) (TIN)

Under the Income Tax Act (Canada), the CRA may impose a penalty if you fail to provide the Canadian financial institution with the requested

Social Insurance Number (SIN), Business Number (BN) or the U.S. TIN, as applicable. If you are a U.S. citizen or a U.S. resident for U.S. tax

purposes and you do not have a U.S. TIN, penalties will not be assessed if an application for the assignment of the U.S. TIN is made within 90

days of the request, and provided to AGF Investments Inc. within 15 days of receipt.

Will my account be reported?

In general, an account will be reported if the account holder is a U.S. citizen or U.S. resident for U.S. tax purposes. In addition, an account may

also be reported if the account holder fails to provide the necessary documentation as requested by the financial institution, even though the

account holder may not be a U.S. citizen or U.S. resident for U.S. tax purposes.

To the extent an account is reportable, under the Canadian IGA, the financial institution will report account information to the CRA. The CRA

may then provide this information to the IRS in accordance with the provisions of the Canada-U.S. Tax Convention.

Where can I obtain further information?

For further information, please visit the CRA website at or the IRS website at

Footnotes

Agreement Between the Government of the United States of America and the Government of Canada to Improve International Tax Compliance through Enhanced

Exchange of Information under the Convention Between the United States of America and Canada with Respect to Taxes on Income and on Capital.

Hedge Fund Subscription Procedure Page 19

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