Excluded Subsidiary Entity
For a given taxation year, an entity the equity of which
- is not listed or traded on a stock exchange or other public market at any time in the year
- is held exclusively by a qualified investor, such as
- a real estate investment trust (REIT)
- a taxable Canadian corporation
- a specified investment flow-through trust (SIFT trust) or SIFT partnership (including a transitional SIFT)
- a person or partnership that does not own, with respect to the holding of a security of the entity, property the value of which is determined by reference to a security that is listed or traded on a stock exchange or other public market
- an excluded subsidiary entity for the taxation year
Transitional SIFT
A trust (or partnership) that had the characteristics of a SIFT trust (or of a SIFT partnership) on October 31, 2006.