Examples of SIFT in a sentence

Pengrowth’s ability to issue trust units and convertible debt is subject to external restrictions as a result of the Specified Investment Flow-Through Entities Legislation (the SIFT tax).
This IFRS difference is primarily due to the tax rate applied to temporary differences associated with SIFT entities.
For existing income trusts and limited partnerships, the SIFT tax will be effective in 2011 unless certain rules related to “undue expansion” are not adhered to.
Pengrowth is grandfathered for the SIFT tax, however Pengrowth may lose the benefit of the grandfathering period, which ends December 31, 2010, if Pengrowth exceeds the limits on the issuance of new trust units and convertible debt that constitute normal growth during the grandfathering period (subject to certain exceptions).
Precision will be a SIFT trust on the earlier of January 1, 2011 or the first day after it exceeds the normal growth guidelines announced by the federal Department of Finance on December 15, 2006.

More Definitions of SIFT

SIFT means a “SIFT trust” or a “SIFT partnership” as defined in the Tax Act.

SIFT means a specified investment flow-through trust or partnership for the purpose of the Tax Act;

SIFT means a “specified investment flow-through” trust;

SIFT means a specified investment flow-through trust or partnership for purposes of the Tax Act; “SIFT Legislation” means the provisions of the Tax Act that apply to a SIFT;

SIFT means "specified investment flow-through" trust, as defined in the Tax Act;

SIFT means a specified investment flow-through trust or partnership for purposes of the Tax Act;