PFIC (Passive Foreign Invesment Company) Archives

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Webinar Replay – Passive Foreign Investment Companies: Tax 101

Andersen 04/04/2022

Our March 29, 2022 webinar, Passive Foreign Investment Companies: Tax 101, is now available for viewing. In this webinar, Krista Rabidoux and Steven Flynn review tax issues and solutions for investments by U.S. persons in Canadian mutual funds, exchange-traded funds and other non-U.S. entities that ...

Form 8621 PFIC Reporting: Webinar with Steven Flynn

Andersen 12/17/2015

On Thursday, January 7, 2016, join Steven Flynn and a panel of cross-border tax specialists for a live webinar designed for tax advisers who deal with passive foreign investment company (PFIC) reporting. This program is eligible for 2.0 Continuing Professional Education credits and the learning ...

Year End Planning – U.S. Citizens Who Own Canadian Mutual Funds

Steven Flynn, CPA, CA, CPA (Washington) 11/10/2015

U.S. citizens living in Canada face adverse US income tax consequences where they own Canadian or other non-U.S. mutual funds. If you are not sure how the US’s “Passive Foreign Investment Company” rules apply here, please see our previous blog entry US Persons Holding Non-U.S. ...

US Persons Holding Non-U.S. Mutual Funds

Andersen 11/20/2012

U.S. citizens and lawful permanent residents (green card holders) who hold certain investments may unknowingly be subject to adverse US tax implications where the investments are characterized as investments in Passive Foreign Investment Companies (“PFICs”). PFICs include non-U.S. mutual funds and exchange traded funds (ETFs) ...

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.