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

  • Provided that the Units are not listed or traded on a stock exchange or other “public market”, as defined in the Tax Act, the Fund will not be subject to the SIFT Rules.


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 rules applicable toSIFT 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 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.
SIFT Rules means the rules in the Tax Act that apply to a “SIFT trust” and its unitholders.