Terry Ritchie, a registered financial planner and cross-border tax and estate specialist, explains the impact of U.S. Passive Foreign Investment Company tax rules on U.S. citizens resident in Canada who hold Canadian mutual funds or ETFs. He spoke with Rudy Mezzetta, reporter with Investment Executive, athe TMX Broadcast Centre in Toronto.
Plus, more new funds, an ETF closure and more
Plus, it's introduced its first credit card, with an asset-back line of credit to follow
They’re not right for everyone, but IPPs can provide value to corporation owners
Financial advisors’ groundwork informs account decisions and helps avoid overcontributions
But both House and Senate are "on board for some version of this chaos," lawyer says of U.S. tax bill
Paper proposes changes tailored to the unique features of ETFs
Burgundy CEO Robert Sankey will remain in his position
The average card balance for the two-year period ended March 2025 was $3,098