Passive foreign investment company ETF statements

Fidelity offers comprehensive and individually customized passive foreign investment company (PFIC) reporting support for all its exchange traded funds (ETFs) to reduce the PFIC tax reporting burden.

 

 

PFIC ETF statements

Fidelity’s ETFs annual information statements (AIS) are now available. The AIS provides pro-rata per unit per day shares of the ordinary earnings and net capital gains of the ETF for the tax period. Investors simply need to multiply the number of shares they held by the number of days they held them, and by the factors in the AIS, to determine their personalized PFIC reporting amounts.

The AIS will allow you to make the qualified electing fund (QEF) election on your U.S. income tax returns. In making the QEF election, include only the pro-rata share of the ETF’s  earned income and capital gains for U.S. tax purposes. This is roughly similar to how U.S. ETFs  are taxed in the U.S. and is generally aligned with how Canadian ETFs are taxed in Canada. There are other reporting options, but in many cases the QEF election will be the most beneficial to U.S. tax filers.  We strongly recommend you consult with a U.S. tax professional with regard to U.S. tax rules around PFIC and implications of PFIC reporting to you.

Ticker Fidelity ETF Tax year Tax year
FCCD Fidelity Canadian High Dividend Index ETF 2019 pdf 2020 pdf
FCCQ Fidelity Canadian High Quality Index ETF 2019 pdf 2020 pdf
FCCL Fidelity Canadian Low Volatility Index ETF 2019 pdf 2020 pdf
FCMI Fidelity Canadian Monthly High Income ETF   2020 pdf
FCSB Fidelity Canadian Short Term Corporate Bond ETF   2020 pdf
FCGB Fidelity Global Core Plus Bond ETF   2020 pdf
FCGI Fidelity Global Monthly High Income ETF   2020 pdf
FCID Fidelity International High Dividend Index ETF 2019 pdf 2020 pdf
FCIQ Fidelity International High Quality Index ETF 2019 pdf 2020 pdf
FCIL Fidelity International Low Volatility Index ETF 2019 pdf 2020 pdf
FCSW Fidelity Sustainable World ETF   2020 pdf
FCCB Fidelity Systematic Canadian Bond Index ETF   2020 pdf
FCHH Fidelity Systematic U.S. High Yield Bond Currency Neutral ETF   2020 pdf
FCHY Fidelity Systematic U.S. High Yield Bond ETF   2020 pdf
FCRH Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF 2019 pdf 2020 pdf
FCRR Fidelity U.S. Dividend for Rising Rates Index ETF 2019 pdf 2020 pdf
FCUH Fidelity U.S. High Dividend Currency Neutral Index ETF 2019 pdf 2020 pdf
FCUD Fidelity U.S. High Dividend Index ETF 2019 pdf 2020 pdf
FCQH Fidelity U.S. High Quality Currency Neutral Index ETF 2019 pdf 2020 pdf
FCUQ Fidelity U.S. High Quality Index ETF 2019 pdf 2020 pdf
FCLH Fidelity U.S. Low Volatility Currency Neutral Index ETF 2019 pdf 2020 pdf
FCUL Fidelity U.S. Low Volatility Index ETF 2019 pdf 2020 pdf

Commissions, fees and expenses may be associated with investment funds. Read a fund’s prospectus or offering memorandum and speak to an advisor before investing.  Funds are not guaranteed, their values change frequently and investors may experience a gain or loss.  Past performance may not be repeated.

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This site is for persons in Canada only.  Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada.

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