Tax Memo: More Tinkering with the SIFT Rules

The Specified Investment Flow-Through (SIFT) rules, originally announced on October 31, 2006, and enacted in June 2007, impose a tax on distributions paid by publicly traded trusts and partnerships. The tax does not apply until 2011 for SIFTs that:

• existed on October 31, 2006; and
• comply with specific growth guidelines, as set out in a December 15, 2006 Department of Finance (Finance) press release.

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