Specified Investment Flow-Through Trust (SIFT)
Definition of 'Specified Investment Flow-Through Trust (SIFT)'A type of income trust that holds publicly traded investments, has at least one non-portfolio property, and is resident in Canada. SIFT trusts are a common type of business structure in |
|
Investopedia explains 'Specified Investment Flow-Through Trust (SIFT)'The Canadian government decided that the tax advantages businesses had by using SIFT trusts as opposed to a corporate structure were "not appropriate", and in October 2006 enacted a tax fairness plan that included a provision for taxing distributions on publicly traded income trusts. The provisions went into effect for preexisting income trusts beginning |
Related Definitions
Articles Of Interest
-
Tax-Saving Tips For Canadian Taxpayers
Find out how to get a bigger return. -
Canada's Commodity Currency: Oil And The Loonie
When the price of oil goes up, don't worry about how much gas is going to cost - get even by making a play on the Canadian dollar. -
Tax Breaks For Canadian Families
Canadians have a lot of advantages when it comes to family tax perks. -
Segregated Funds: Investment Protection For Canadian Citizens
These funds contain the best of all worlds, providing opportunities for market growth with a no-loss guarantee. -
Estate Planning For Canadians
Trusts, wills, taxes and rules differ by country. Find out what you need to know about estate plans in Canada. -
History Of The Toronto Stock Exchange
Find out how the third-largest stock exchange in North America came to be. -
An Introduction To Canadian Income Trusts
Yields in excess of 10% aren't rare, but these unique investments need to be chosen very carefully. -
Breaking Down The TSP Investment Funds
For investors seeking growth, income AND capital preservation, the Thrift Savings Plan offered by the U.S. government is a great option to consider. In this article, we examine the five core ... -
Canadians: Smart Ways To Use Your Tax Refund
Taxes are an annoying annual chore akin to going to the dentist. Luckily, however, some of us get a nice tax refund after the process. It's important to use this refund wisely though, and Canadians ... -
Finding Bond-Like Income With Utilities
The traditional utility sector has become a happy hunting ground for income seekers.
Free Annual Reports