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Goodmans Publications

Minister of Finance Acts on Income Trust Issue

November-23-2005

Area REITs and Income Securities

Summary


We are pleased to advise that Canada's Minister of Finance has just announced:

  • a reduction in personal income taxes on dividends;
  • that the consultation process regarding  Tax and Other Issues Related to Publicly Listed Flow-Through Entities (Income Trusts and Limited Partnerships) has ended; and
  • that Minister of National Revenue John McCallum will resume providing advance tax rulings on flow-through entity structures.

Goodmans' Income Funds Group welcomes this announcement and its positive implications for Canada's capital markets, and for the continued success of income funds as a uniquely Canadian investment vehicle.

For further information, please contact the Chair of Goodmans' Income Funds Group, Stephen Pincus at 416.597.4104 or spincus@goodmans.ca.