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T5 update - March 17, 1998
Questions
We have had numerous calls and letters from lenders with respect to the recent issue of T5's by PWL. To help everyone speed up the process please remember:
T5's were issued based on actual interest paid to you plus any lender fees accrued in 1997. Even if you did not receive this lender fee, the fee would be included on your T5 if it was added to your outstanding investment total and interest was earned on it.
T5's were issued for every individual investment. If you originally invested with EIC but were moved to another mortgages part way through 1997, you would receive 2 separate T5's.
If you still have questions with respect to your T5, prior to calling us please review the following:
Review your bank statements, term sheets etc. and total what you think the T5 should be.
Having a complete listing by investment of interest cheques received and lender fees accrued makes it much quicker for us to help you and determine the cause for any discrepencies.
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