CPA Canada’s response to Finance Canada’s legislative proposals for REITs

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government about its proposed amendments that would affect real estate investment trusts (REITs).

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CPA Canada has weighed in on Finance Canada’s draft legislative proposals that would amend the rules applying to REITs. Developed by the Joint Committee on Taxation of the Canadian Bar Association and CPA Canada, this January 28, 2011 submission paper raises concerns about technical issues with the proposed amendments, and offers several constructive recommendations to make them more effective.

What you will learn

Committee members provide their expert insights on aspects of the proposed REIT rules amendments such as:

  • qualified REIT property
  • sources of revenue — look-through rule
  • eligible resale property
  • currency fluctuations