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Term of the Day
Canadian Income Trust
Canadian Exchange Group
Canadian Institute of Actuaries (CIA)
Definition
Indicated by the Canadian
Revenue
Agency
, an
income trust
pays
earnings
to
investors
before
taxes
. This type of
structure
is popular for
corporate
firms
because little or no
tax
is
paid
. These
companies
are normally
public
and
available
on a
securities exchange
.
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