Watch Passive Foreign Investment Companies: Tax 101

April 4, 2022
Passive Foreign Investment Companies Tax 101

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 are classed as Passive Foreign Investment Companies under U.S. tax law.

The webinar was designed for U.S. citizens and other U.S. persons, both for residents of Canada and elsewhere who invest in Canadian mutual funds, ETFs and entities formed outside the U.S. Advisors to this group, including accountants, lawyers, and investment advisors may also find this webinar helpful in identifying these entities and strategies to avoid adverse U.S. tax implications.

Topics on the agenda include:

  • Definition of a Passive Foreign Investment Company (PFIC)
  • Exceptions to PFIC Rule
  • Mark to Market and Qualified Electing Fund Election
  • PFIC Tax Liability
  • IRS Form 8621