Fidelity knows there is concern among investors about the U.S. Passive Foreign Investment Company (PFIC) rules. These rules could significantly affect “U.S. persons” who hold Canadian mutual funds, so we are providing you with information about these complex rules.
We believe it is important for those who may be affected by these rules to have the information necessary to make informed decisions. However, we also believe that investors affected by these rules should not make changes to their Canadian holdings without first speaking with their advisors and a U.S. tax specialist.
Fidelity continues to make available, upon request, to Canadian investors who are classified as “U.S. persons” under U.S. tax law, PFIC Annual Information Statements for all of our mutual funds for the 2015 tax year. The 2015 PFIC Annual Information Statements will be available by February 19, 2016.
Learn more in our PFIC Overview
The following list of frequently asked questions has been created to help you better understand how PFIC rules might affect you.