RBC Global Asset Management is pleased to provide Passive Foreign Investment Company (PFIC) Annual Information Statements for unitholders who are U.S. citizens (whether or not they are U.S. residents), certain unitholders with U.S. permanent resident status, U.S. corporations, and select U.S. trusts and estates.
PFIC Annual Information Statements contain information that enables you to elect to treat a fund as a Qualified Electing Fund (QEF) on IRS Form 8621. The statements reflect information for each fund's U.S. tax year ended June 30, 2017, June 30, 2016, June 30, 2015 or June 30, 2014. Whether the QEF election is appropriate for you depends on your personal circumstances. Please note that the QEF election is the only way that the appreciation in a fund's value can be eligible for U.S. taxation at the more favourable capital gains rates.
This information is provided to help you make calculations and does not constitute tax advice. The U.S. tax laws regarding PFIC are extremely complex. As such, you should consult your own tax advisor concerning the overall tax consequences of your investment in, and ownership of, a fund that is under U.S. federal, state, local and foreign law.
To access PFIC information, please select one of the fund families below, choose the fund and series from the menu provided, then click on the PDF icon to download the file.
PH&N Funds Series C units were renamed to Series A units on June 30, 2016.