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

An ETF annual information statement (AIS) is 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 mutual fund’s earned income and capital gains for U.S. tax purposes. This is roughly similar to how U.S. mutual funds are taxed in the U.S., and is generally aligned with how Canadian mutual funds 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.

Ticker Fidelity ETF Tax year
FCCD Fidelity Canadian High Dividend Index ETF 2019 pdf
FCUD Fidelity U.S. High Dividend Index ETF 2019 pdf
FCUH Fidelity U.S. High Dividend Currency Neutral Index ETF 2019 pdf
FCRR Fidelity U.S. Dividend for Rising Rates Index ETF 2019 pdf
FCRH Fidelity U.S. Dividend for Rising Rates Currency Neutral Index ETF 2019 pdf
FCID Fidelity International High Dividend Index ETF 2019 pdf
FCCL Fidelity Canadian Low Volatility Index ETF 2019 pdf
FCUL Fidelity U.S. Low Volatility Index ETF 2019 pdf
FCLH Fidelity U.S. Low Volatility Currency Neutral Index ETF 2019 pdf
FCIL Fidelity International Low Volatility Index ETF 2019 pdf
FCCQ Fidelity Canadian High Quality Index ETF 2019 pdf
FCUQ Fidelity U.S. High Quality Index ETF 2019 pdf
FCQH Fidelity U.S. High Quality Currency Neutral Index ETF 2019 pdf
FCIQ Fidelity International High Quality Index ETF 2019 pdf

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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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