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Tuesday, 28 June 2011 03:37

Canadian REITs are "flow through entities" (FTEs), whereby income trusts don't have to pay any tax so long as they pay out at least 90% of net profits to the unit holders as dividends. At the end of 2006 the Canadian government announced that with effect from 2011 Canadian trust funds would become taxable by way of the introduction of Specified Investment Flow-Through (SIFT) legislation, though Canadian REITs remain exempt.

Last Updated on Wednesday, 27 July 2011 09:48