REIT Taxation
The following post is written by Brian So, an insurance advisor and blogger at briansoinsurance.com. Introduction to REITs REITs, also known as Real Estate Investment Trusts, are publicly listed companies that own income-producing real estate. Their assets include hotels, shopping malls, office buildings and apartments. Originally created in 1960 by the United States, REITs have spread worldwide and have a strong presence in Canada as well. In order to qualify as a REIT (in Canada), at least 95% of its income must come from real estate assets, and at least 80% of its properties must be located in Canada. The …