This document provides guidance for Canadian taxpayers on reporting income and claiming deductions from investments in Maple Leaf Energy Income programs on their 2011 tax returns. It outlines how to transfer information from a T5013A tax slip onto a T1 tax return and related schedules. Key items include reporting partnership income in Box 22 of the T5013A on Schedule 4, interest income in Box 50 on Schedule 4, and exploration and development expenses in Boxes 90 and 91 of the T5013A on Form T1229 to calculate eligible deductions. Carryforward amounts from prior years and multiple investments are factors to consider when claiming resource deductions.

1. tax filing guide
for the 2011 taxation year
ENERGY INCOME
table of contents
G
ettingstarted
ReportingInvestmentIncome 2
ClaimingResourceExpenses 4
TaxShelterLossorDeductions 7
OtherConsiderations 8
FrequentlyAskedQuestions 9
ContactUs 10

2. flip open cover to view
saMple T5013a tax slip
MapleLeafEnergyIncomeprogramsprovideCanadianresident
investorswithexclusiveenergysectorinvestmentsthatprovide
monthlyincome,uptoa100%taxdeduction,liquidityandthe
opportunitytoconvertincomeintocapitalgains.MapleLeaf’s
seasonedmanagementteamachievestheseobjectivesthrough
direct‘non-operated’workinginterests,royaltiesorothersimilar
entitlements.
Top 5 Reasons Maple leaf
energy incoMe May be right
for you:
1 onthlyincome(12%annualizedtarget).
M
2 pto100%taxdeduction.
U
3 ccesstoexclusiveenergysectorinvestmentsthat
A
providediversificationthroughkeygeographicalareas
andmulti-zonewells.
4 Capitalappreciationpotential
5 Theopportunitytoconvertincomeintomorefavorably
taxedcapitalgains.

3. MAPLE LEAF
ENERGY INCOME
LIMITED PARTNERSHIP
90 91

4. saMple
T5013a
tax slip
Your T5013a
YourpersonalT5013ATax
Slipwillbesentdirectlyto
youfromyourinvestment
dealersbackofficeonor
beforeMarch31st,2012.
Maple leaf
energy incoMe
4 prograMs ta x ation guiDe

5. getting started
yoUr t5013a Thistaxfilingguidehasbeenprovided
toassistyouinclaimingyour2011tax
Yourpersonal T5013A –‘StatementofPartnershipIncomeforTaxShelters deductionsfromyourMapleLeafEnergy
andRenouncedResourceExpenses’willbesentdirectlytoyoufromyour IncomeLimitedPartnershipinvestment
investmentdealers,backofficeonorbeforeMarch31st,2012.Thesame (“MapleLeaf”orthe“Partnership.”)
procedureisfollowedineachsubsequentyear.
Thisguideshouldnotbeconsideredastax
advice.MapleLeafstronglyrecommends
youconsultwithyourprofessionaltaxand/
orinvestmentadvisortodeterminethe
appropriateuseoftaxdeductionsand
othertaxconsiderations.
k e y b o x e s o n y o u r T 5 0 13 a t h at a r e u s e D t o c a l c u l at e y o u r
DeDuction anD are covereD in this guiDe: Pleasefoldoutthefrontcoverofthis
guideandyouwillfindasampleT5013A.
key boxes Thefiguresprovidedinyourpersonal
T5013Aneedtobeinsertedinthe
applicablesectionsofyourT1TaxReturn
box 22 CanadianandForeignnetbusinessincome(loss) andrelatedschedules.Formsreferred
tointhisbooklet(T1GeneralReturn,
box 50 InterestfromCanadianSources
Schedule3,Schedule4,T1229,T5004)
box 90 CanadianExplorationExpenses areavailablefordownloadthroughthe
CanadaRevenueAgency(CRA)website
box 91 CanadianDevelopmentExpenses www.cra-arc.gc.caorourwebsite
www.Mapleleaffunds.ca.
TheremaybeotherboxesonyourT5013Athatcontaininformation
butdo not have to be enteredonyourtaxreturn.Boxes22-1,150,
151,152and153areforCRAinformationonly.
noTe:
YouwillreceiveaT5013Aforeach
limitedpartnershipyouown.Insome
cases,youwillneedtosumthe
amountsfromyourT5013A’sbefore
insertingthemintotheappropriate
placeonthetaxschedule.Ifyouare
usingasoftwareprogram,each
T5013Ashouldbeenteredseparately.

6. reporting investment income
please reference insiDe front cover saMple T5013a or your personal ta x forM
box 22
TheamountinBox22representsyour
shareoftheLimitedPartnershipbusiness
income(loss).
t1 - schedule 4, page 1
TheBox22amountandtheBox50amount
fromyourT5013Aarebothrecordedon
Schedule4yourT1TaxReturn.
step 1:Inserttheamountfoundin
Box22ofyourT5013AintoPartIII,
line122-Netpartnershipincome(loss)
ofSchedule4.Carrythatsameamount
forwardtopage2,line122ofyourT1.
Pleasenotethattheincome(loss)thatis
reportedonyourpersonalT1taxreturn
maybedifferentfromtheincome(loss)
showninthefinancialstatements,as
explorationanddevelopmentexpenses
arededucteddifferentlyfortaxpurposes
incomparisontoaccountingpurposes.
expensesaredeductedfortaxpurposes
andhowtheyaredeductedforaccounting
purposes.
noTe: what is incoMe (loss)?
Thecashdistributionsarenot
includedinyourincome–theyare
takenintoaccountwhendetermining
theAdjustedCostBase(ACB)ofyour
unitsfortaxpurposes.
Maple leaf
energy incoMe
2 prograMs ta x ation guiDe

7. reporting investment
please reference insiDe front cover saMple T5013a or your personal ta x forM
income (con’t)
box 50
TheamountinBox50representsthe
interestincomefromCanadiansources.
step 2:Inserttheamountfoundin
Box50ofyourT5013AintoPartIII,line
121-Netpartnershipincome(loss)of
Schedule4.Carrythesameamount
t1, page 2 forwardtopage2,line121ofyourT1.
noTe: DiD you borrow
or DiD you buy?
Ifyouborrowedanyamountsto
acquireyourlimitedpartnership
units,theamountofinterest
expenseyouincurredintheyear
couldbeincludedinSectionIV
“CarryingChargesInterest
Expenses”ofSchedule4.
Pleaseconsultyourtaxadvisor
astothedeductibilityofsuch
interestexpense.Thetotalof
thissectionisenteredonline
221ofyourT1TaxReturn.
Maple leaf
energy incoMe
ta x ation guiDe prograMs 3

8. claiming resource expenses
box 90 box 91 (renounceD canaDian resource expenses)
TheamountinBox90andBox91ofyourFormT5013ArepresentstheCanadianExplorationExpense(“CEE”)andthe
CanadianDevelopmentExpense(“CDE”)renouncedbytheresourcecompaniesandpassedontoyou,theinvestor.Please
seeNotesforfoundonpage6withrespecttocarryforwardsandmultipleinvestments,ifapplicabletoyou.
TheCEEandCDEamountflowstoyourT1incometaxreturnviatheFormT1229,StatementofResourceExpensesand
DepletionAllowance.ThefirstthreesectionsoftheT1229areused.
t1229
t1229 area i - suMMary of
t101 anD t5013a expenses
step 1.1 : Startbyenteringthe
Partnership’sBusinessNumberfromBox2
ofyourT5013AintotheIdentification
NumberboxinArea1ofyourT1229.
step 1.2 : EntertheRenouncedCanadian
ExplorationExpense(CEE)fromBox90of
yourT5013AintotheCEERenunciation
columninArea1ofyourT1229.
step 1.3 : EntertheRenouncedCanadian
DevelopmentExpense(CDE)fromBox91
ofyourT5013AintotheCDERenunciation
columninArea1ofyourT1229.
t1229 area ii - canaDian
resource expenDiture pools
step 2.1 : Enteranybalance(s)atthe
beginningoftheyear.
step 2.2 : AddTotalYearRenunciation
fromArea1.
step 2.3 : Calculatesubtotalsand
BalanceAvailable(A)asindicated.
step 2.4 : CalculateMaximum
ExplorationandDevelopmentExpenses
AvailableforDeduction(4)usingthe
appropriateratesasindicated,CCEE-
=100%andCCDE-30%.
Maple leaf
energy incoMe
4 prograMs ta x ation guiDe

9. claiming resoUrce
please reference insiDe front cover saMple T5013a or your personal ta x forM
expenses (con’t)
90 91
90 91
t1 - page 3
step 25: CalculateExplorationand
.
DevelopmentExpensesClaimedinthe
Year(B)andBalanceatEndofYear(A-B).
t1229 area iii- exploration
anD DevelopMent expenses
step 31: EntertheTotalExplorationand
.
DevelopmentExpensesClaimedsum(or
claimsinBabove)andentertotalonline
224ofyourreturn.
neeD a forM t1229?
Thisformmustbeincludedwith
yourT1TaxReturnandisavailable
fordownloadthroughtheCanada
RevenueAgency(CRA)website
www.cra-arc.gc.caorourwebsite
www.MapleLeafFunds .ca
Maple leaf
energy incoMe
ta x ation guiDe prograMs 5

10. claiming resoUrce
expenses (con’t) please reference insiDe front cover saMple T5013a or your personal ta x forM
90 91
box 90 91 continueD...
Pleaseseeimportantnotesandsteps
regardingcarryforwardsandmultiple
investments.
noTe: carry forwarDs
FurtheronclaimingresourceexpensesthecalculationsusedinSectionIIandIIIofyourFormT1229takealittlemore
thoughtduetothefactthatCEEandCDEamountsneednotbeusedimmediatelyandtheycanbecarriedforwardand
usedinfutureyears.Likewise,thecurrentyear’sreturncouldreflectunusedamountscarriedforwardfromearlier
years.TheCCEEcolumnorCCDEcolumnofSectionIImayrequireinvestorstochecktheirreturnsfromtheprevious
yeartoseeifthereisunusedCEEorCDEfrompreviousyears.Ifthereisanamountthathasnotbeenclaimed,itmay
beenteredonline1–“Balanceatthebeginningoftheyear.”Thecurrentyearrenunciationgoesonthesecondlineof
thissection,andflowsdowntothebottomoftheCCEEorCDEEcolumn.
noTe: Multiple investMents
Ifyouhavemorethanoneresourceinvestment,youwillneedtoincludeall(CEE)or(CDE)amountsallocatedtoyouin
theapplicableboxesofthissectionbeforecomputingtheamountyoumayclaiminyourtaxreturn.Themaximum
claimiscomputedonline4.EntertheamountyouwishtoclaimonlineB(generally,thiswillbethemaximum
amount).Subtracttheamountyouwishtoclaimfromthemaximumamounttocomputetheamount,ifanyandthat
willbecarriedforwardto2011.TheamountofCCEEorCDEEalongwithotherresourceexpenditures(acronyms
CCOGPE)fromlineBshouldbeaddedtogetherandusedasthefirstlineofSectionIII.ThefinallineofSectionIIIis
enteredonline224ofyourT1TaxReturn.
Maple leaf
energy incoMe
6 prograMs ta x ation guiDe

11. tax shelter loss or deductions
please reference insiDe front cover saMple T5013a or your personal ta x forM
AClaimforTaxShelterLossorDeduction
(T5004)mustbecompletedinorderto
claimdeductionsrelatedtoyourMaple
LeafLimitedPartnership.
Theinformationonthisformwillbetaken
fromtheT5013AandfromSchedule4of
yourT1TaxReturn.
t5004 - page 1
step 1: Takethetaxshelteridentification
number,whichisasix-digitnumberwitha
TSprefixlocatedinbox3atthetopcentre
ofyourT5013Aandenteritintocolumn1,
line1ofyourT5004.
step 2: Enterthetaxsheltername,
i.e.whicheverspecificMapleLeafLimited
Partnership(s)youhave investedin(e.g.
MapleLeaf2011EnergyIncomeLimited
Partnership)intocolumn2.
step 3: Enterthepurchasedateis
thedateofpurchaseofyourMapleLeaf
LimitedPartnership(s)intocolumn3.
step 4: Entertheamountfoundinbox35
“Businessincomeloss”intocolumn4
“Lossordeductionclaimed”.
step 5: Incolumn5,entertheline
numberthatthisamountisreportedonin
yourT1Taxreturn(generallythisisfound
oneitherExplorationandDevelopment
Expenses(line224)orNetPartnership
Income(line122)ofyourT1TaxReturn).
note: Ifyouownmorethanonelimited
partnershiportax-shelterinvestment,these
amountsmustbeaddedonindividuallines
onyourT5004andtotaledinbox6765.
Maple leaf
energy incoMe
ta x ation guiDe prograMs 7

12. other considerations
Thisguidehasbeendesignedtoofferyouassistancewhenclaimingyour2010taxdeduction
fromyourMapleLeafinvestment.Thereareanumberofadditionalconsiderationsthatmay
beapplicabletoyoursituation.Hereareafewexamples:
1 the cee or cDe election
4 lternative Minimum tax
a
Whileaninvestorisallowedtodeduct Alternativeminimumtaxmayapply
thefullrenouncedCEEorCDE,itisnot inagiventaxationyear,dependingon
required.Aspartofataxplanningstrat- theamountofrenouncedexpenditures
egyaninvestormayfinditadvantageous deductedbytheinvestor.
tocarryforwardsomeorallofan 5 issue costs
availableCCEEorCCDEdeductionand Investorsmaydeductissuecosts
usethisamountinsubsequentyears. associatedwithaflow-throughlimited
2 umulative net investment
c partnershipoveranumberofyears
losses (cnil) subsequenttothedissolutionofthe
Utilizationoftaxdeductionsthrough partnership.Thesecostscanbe
flow-throughsharesmayhaveaneffect deductedonline122ofyourincome
onaninvestor’scalculationsofCNIL. taxreturn.
3 capital gains exemptions
Renouncedexpendituresdeductedby
theinvestormayaffecttheabilityofthe
taxpayertoclaimthe$750,000capital
gainsexemptioninrespectofsalesof
qualifiedsmallbusinesssharesand
certainfarmorfishingassets,asthe
calculationofataxpayer’sCNILrequires
aninclusionof50percentofthededuc-
tionstakenbythetaxpayerinrespectof
flow-throughsharerenouncement’s.
noTe:
Thisisnotadetailedlistingof
everypossibletaxconsideration
andisdesignedtobeageneral
guideonly.Eachindividual’stax
andinvestmentplanningsituation
isuniqueandprofessionaladvice
shouldalwaysbereceivedfroma
qualifiedtaxand/orinvestment
specialist.
Maple leaf
energy incoMe
8 prograMs ta x ation guiDe

13. freQuentlY asKed Questions
what tax DeDuctions can i expect?
MapleLeafEnergyIncomeLimitedPartnershipshavebeenstructuredtoprovideinvestorswithuptoa100%taxdeductionoverapproximately5
years.
when will i receive My t5013a tax slip?
YourT5013Ataxslipwillbemaileddirectlytoyoubyyourinvestmentdealersbackoffice,onorbeforeMarch31stofeachyearduringofthelifeof
thePartnership.IfyoudonotreceiveyourT5013AorrequireareprintyourT5013A,pleasecontactyourinvestmentadvisorandtheywillcontact
theirbackofficeonyourbehalf.
when can i expect to receive cash Distributions on their investMent?
ThePartnershipexpectstopaycashdistributionsfromthesaleofitsshareofoilandgasproducedbydevelopedwellscommencingapproximately
9-12monthsfromthedateofthefinalclosingoftheoffering.Thesecashdistributionswillbeautomaticallydepositeddirectlyintoinvestorsaccount
viatheirdealer’sbackoffice.
when Does a liquiDity event occur anD what will i receive at that tiMe?
ThelifecycleofthePartnershipthroughtoliquidityisexpectedtobeapproximately3years.TheGeneralPartnercurrentlyexpectstheliquidity
eventwillbethesaleoftheinvestments(directnon-operatedworkinginterests,royalties,orothersimilarentitlements)heldbythePartnershiptoa
publiccompanyestablishedbyToscanaCapitalCorporationinexchangeforlistedsharesonatax-deferredbasis.ThePartnershipwouldthen
dissolveanddistributetheselistedsharestotheformerinvestors.Intheeventofreceivingsharesofapubliclytradedcompany,ataxeventis
typicallydeferreduntilthesecuritiesaresold.
Maple leaf
energy incoMe
ta x ation guiDe prograMs 9

14. contact us
corporate office corporate office
caDo bancorp ltd. toscana energy corp.
POBox10357,Suite808 2550,700-2ndStreet,S.W.
609GranvilleStreet, Calgary,ABT2P2W2
Vancouver,BCV7Y1G5
Tel
403.410.6792
Tel
604.684.5742 Fax 403.444.0900
Fax 604.684.5748
Email info@cadobancorp.ca
transfer agent legal counsel auDitors
valiant trust company borden ladner gervais, llp pricewaterhousecoopers
600-750CambieStreet, P.O.Box48600,1200-200 250HoweStreet,Suite700
Vancouver,BCV6B0A2 BurrardStreet,Vancouver,BC Vancouver,BCV6C3S7
V7X1T2
Tel
604.699.4880 Tel
604.806.7000
Fax 604.681.3067 Tel
604.687.5744 Fax 604.806.7806
www.valianttrust.com Fax 604.687.1415
www.blgcanada.com
if you neeD help Thisguideandotherrelevantinformation
with the following... canbefoundonthetaxreporting2011
pageonourwebsite:
• t’sMarch31standyoustill
I
haven’treceivedyourtaxslip www.MapleLeafFunds.ca
orifyouneedare-print
• ouneedtochangeyour
Y
accountaddressfordelivery
ofyourtaxslip
... please contact your advisor
and they will contact their
administrative back office.
if you neeD help
with the following...
• ouneedhelpfillingout
Y
yourforms
• ourequiredetailedor
Y
advancedtaxadvice
... please contact your
professional tax advisor.
Maple leaf
energy incoMe
10 prograMs ta x ation guiDe