REIT Update

The  evolving SIFT regime and its effect on the Canadian REIT industry — November 2008 

Canadian Real Estate Investment Trusts (REITs) that intend to continue as public entities have a number of choices to make regarding their taxation status. To qualify for ongoing exclusion from specified investment flow-through tax (SIFT) status, they must qualify for REIT exemption by completing a number of complex eligibility tests. The PDF below shares information needed to meet and maintain the test requirements and provides options if your entity doesn't qualify.