Oscar Belaiche, manager of the Dynamic Focus+ Real Estate Fund, does not expect the Canadian government to announce imminent plans to change REITs' tax status. "I can only assume that, given REITs have become the global de facto standard for securitized real estate, the Canadian government decided to leave them alone when they implemented the [specified flow-through entity] legislation," he said in reference to Canada's recent decision to tax other kinds of income trusts.

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