The Minister of Finance announced on 20 December 2007 proposed technical amendments to further clarify the tax rules that apply to specified investment flow-through entities (SIFTs). The SIFT rules, enacted in June 2007, were part of the government's 31 October 2006 Tax Fairness Plan .
Among the proposed amendments is the removal of the distinction between Canadian and foreign real and immovable properties in determining whether a trust is a real estate inv…