SIFT Partnership definition

SIFT Partnership means a specified investment flow-through partnership for the purposes of the Tax Act.
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SIFT Partnership means a partnership to which the SIFT Rules apply. “SIFT trust” means a trust to which the SIFT Rules apply.
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SIFT Partnership means a "SIFT partnership" as that term is defined in subsection 197(1) of the Tax Act.49
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Examples of SIFT Partnership in a sentence

  • If the SIFT Partnership rules are not amended, or alternatively, the Trust does not take steps to ensure that the particular partnership is not considered a SIFT partnership, non- portfolio earnings of the partnership in subsequent years will be subject to tax.

  • Also, one of the partnership within the Trust’s organization would be a SIFT Partnership and therefore subject to tax under the SIFT rules.

  • As discussed above under Item 6.1 Status of the Trust The SIFT Rules, the SIFT Rules apply an entity level tax on certain income (other than taxable dividends) earned by a SIFT Partnership and treat the distribution of such income received partners of a SIFT Partnership as taxable dividends received by from a taxable Canadian corporation.


More Definitions of SIFT Partnership

SIFT Partnership means a partnership as defined in section 197 of the Tax Act; (ttt) “SIFT trust” means a trust as defined in section 122.1 of the Tax Act;
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Related to SIFT Partnership

  • Operating Partnership has the meaning set forth in the preamble.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • Foreign partnership means an association of two or more persons to carry on as co-owners of a

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Foreign limited liability partnership means a partnership that:

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.