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Income Funds: Recent Developments of Importance, January 2009

January-1-2009

Lawyer Jarrett Freeman, Jon Northup, Stephen Pincus
Area Tax, REITs and Income Securities

Summary

Article originally published in the 2009 Lexpert American Lawyer Media Guide to the Leading 500 Lawyers in Canada

Excerpt from "Income Funds: Recent Developments of Importance":

Canada's income funds must review their strategic and structural alternatives in light of turbulent market conditions, as well as the looming SIFT tax, which generally will apply to them beginning in 2011. This article will discuss the current challenges facing income funds, review certain of their key alternatives, and explore some of the factors that may influence boards and management in reviewing these alternatives. The article will also provide an overview of the new rules which facilitate the conversion of income funds to corporate form.

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