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, PFIC Annual Information Statements for all of our mutual funds for the 2016 tax year. The 2016 PFIC Annual Information Statements will be available by March 3, 2017.
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.