SIFT Rules definition

SIFT Rules means the provisions of the Income Tax Act providing for a tax on certain income earned by a “SIFT trust” or “SIFT partnership” as those terms are defined in the Income Tax Act.

SIFT Rules means the provisions of the Tax Act, including those contained in sections 104, 122 and 122.1 of the Tax Act, which apply to the taxation of a “specified investment flow through trust” and its unitholders.

SIFT Rules means the rules applicable to SIFT (specified investment flow-through) trusts and SIFT partnerships in the Tax Act.

Examples of SIFT Rules in a sentence

• Trusts that satisfy the REIT Exemption are excluded from the specified investment flow-through ("SIFT") definition and therefore will not be subject to taxation under the SIFT Rules.

• The SIFT Rules are not applicable to real estate investment trusts (“REITs”) that meet certain specified criteria relating to the nature of its revenue and investments (the “REIT Exemption”).

• Upon receipt of an employee’s resignation, the manager should arrange to have an informal conversation with the employee to discuss the reasons for leaving as would happen with any leaver.

• The exposure of the Trust to tax imposed by the SIFT Rules depends in part on whether or not the Trust units, Master LP units or units of any other subsidiary partnerships are listed or traded on a stock exchange or other public market.

• Under the SIFT Rules, a SIFT will generally be taxed in a manner similar to corporations on income from a business carried on in Canada by the SIFT and income (other than taxable dividends) or capital gains from non-portfolio properties (as defined in the Tax Act) at a combined federal/provincial tax rate similar to that of a corporation.

More Definitions of SIFT Rules

SIFT Rules means the amendments to the Tax Act proclaimed in force on June 22, 2007, as amended, that implement the changes announced as part of the Tax Fairness Plan proposed by the Minister of Finance (Canada) on October 31, 2006 which modify the tax treatment of SIFTs and the tax treatment of their unitholders;

SIFT Rules means the rules applicable to SIFT trusts and SIFT partnerships in the Tax Act.

SIFT Rules means the provisions of the Tax Act providing for a tax on certain income earned by a SIFT Trust or a SIFT Partnership, each as defined in the Tax Act.

SIFT Rules means the provisions of the Tax Act that apply to a SIFT and its investors, taking into account all proposed amendments to such rules;

SIFT Rules means the Specified Investment Flow-through Trust Rules promulgated in the Tax Act, which effectively tax certain income of a publicly-traded trust or partnership that is distributed to its investors on the same basis as would have applied had the income been earned through a taxable corporation and distributed by way of dividend to its shareholders. These rules apply only to SIFTs and their investors.

SIFT Rules means the rules applicable to “SIFT trusts” and “SIFT partnerships” (each as defined in the Tax Act) in the Tax Act.

SIFT Rules means the rules in the Income Tax Act which apply to a SIFT Trust and its unitholders. “SIFT Trust” means a specified investment flow through trust for purposes of the Income Tax Act.