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 |
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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 |
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