Examples of SIFT Proposals in a sentence
If the SIFT Proposals apply to the Fund in 2011 and, provided the corporate rate reductions and the enhanced dividend and tax credit proposals are enacted as proposed, it is anticipated that generally the tax paid by the Fund and a Unitholder who is a taxable Canadian resident individual on distributed non-portfolio earnings would be substantially equivalent to the tax that would be payable on such distributions by such Unitholders if the SIFT Proposals were not enacted.
The SIFT Proposals did not include draft legislation and no assurance can be given as to the precise form that the SIFT Proposals will take if and when enacted.
On March 29, 2007, Bill C-52 was tabled in Parliament proposing draft legislation to implement the SIFT Proposals (the “2007 Amendments”).
Generally, the SIFT Proposals contain a look-through rule under which a REIT could qualify for the REIT Exception where it holds its Canadian real properties indirectly through intermediate entities.
No assurance can be given as to whether the SIFT Proposals wilt be enacted as proposed.
On October 31, 2006, the Minister of Finance announced proposals to impose a tax on distributions from certain publicly traded income trusts and partnerships and subsequently released a Notice of Ways and Means Motion in that regard, (the "SIFT Proposals").
For trusts that meet the Existing Trust Exemption, the SIFT Proposals will apply commencing with the earlier of the trust’s 2011 taxation year and the first taxation year of the trust in which it exceeds “normal growth” as determined under the Growth Guidelines.
No part of the time lost due to such stop-work orders shall be the subject of claim for extension of time or for excess costs or damages by the Contractor.
Non-resident Unitholders and Canadian resident Unitholders which are exempt from tax would be negatively affected by the application of the SIFT Proposals if enacted as proposed based on the Fund's current investments.
The SIFT Proposals do not fully accommodate the current business structures used by many Canadian REITs and contain a number of technical tests that many Canadian REITs, including Cominar, may find difficult to satisfy or which remain to be verified.