Specified investment flow-through (SIFT) trust income and distribution tax

What's new for SIFT trusts

When a SIFT wind-up entity chooses to elect under subsection 80.01(5.1) of the Income Tax Act (the Act), the SIFT wind-up entity should attach a letter to its T3 Trust Income Tax and Information Return for the tax year in which the subsidiary trust's obligation is settled. For more information, see SIFT trust wind-up entity 80.01(5.1) election.

Forms and publications

• T4013, T3 Trust Guide
• Forms and publications - Trusts

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