Minister of Finance Acts on Income Trust Issue
|Area||REITs and Income Securities|
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 firstname.lastname@example.org.