There are residency restrictions
to holding Mackenzie Income Trust units. Canada
Revenue Agency (CRA) has specified that buyers
and holders of MIT units cannot be a "non-Canadian" within
the meaning of the Investment Canada Act (Canada),
or a "non-resident" of Canada as
defined in the Income Tax Act (Canada). You
do not have to be a Canadian citizen to hold
Mackenzie Income Trust units.
Please note that Canadian residency is completely
unrelated to the Canadian citizenship. If you
are unsure about the your specific residency
status, please consult a tax expert.
The Mackenzie Income Trust can be held in
non-registered accounts, RRSP and RRIF accounts,
and also Deferred Profit Sharing Plans. For
Registered plans, the MIT is considered 100%
Canadian content.
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