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 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 rules applicable to specified investment flow through (“SIFT”) trusts and SIFT partnerships in the Tax Act.
Examples of SIFT Rules in a sentence
Trusts that satisfy the REIT Exception are excluded from the SIFT definition and therefore will not be subject to taxation under the SIFT Rules.
For a more detailed explanation of the SIFT definition and SIFT Rules, refer to note 18 to the consolidated annual financial statements contained in CAPREIT’s 2014 Annual Report.
More Definitions of SIFT Rules
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 rules applicable to “SIFT trusts” and “SIFT partnerships” (each as defined in the Tax Act) in the Tax Act as described under “Certain Canadian Federal Income Tax Considerations - Status of the REIT - 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 Finance on October 31, 2006 which modify the tax treatment of SIFTs and the tax treatment of their unitholders in the manner described above under “Certain Canadian Federal Income Tax Considerations — SIFT Rules”;
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 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.