specified investment flow-through tax (SIFT)


A Canadian tax assessment on income distributions from certain trust ownership structures. Corporate organizations seeking favorable tax treatment registered ownership status under these trusts until 2007, when tax law changes modified how distributions were taxed, leading to a significant number of conversions to traditional corporate ownership structures.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
specified investing specified investment flow-through trust (SIFT)