Mutual fund company to issue tax forms allowing clients to make QEF election
Americans in Canada face higher taxes, compliance costs
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.