Toronto-based BlackRock Asset Management Canada Ltd. announced on Wednesday that passive foreign investment company (PFIC) annual information statements for certain Canadian iShares exchange-traded funds (ETFs) will be available for the 2015 tax year.
The statements contain reporting information that can enable investors who are U.S. taxpayers to treat certain iShares ETFs as qualified electing funds for U.S. tax-reporting purposes.
The list of included funds is available here.
BlackRock says it recommends that affected investors work with their financial advisor and a U.S. tax professional to discuss any PFIC-related tax implications.
“As PFIC rules can be complex, BlackRock Canada has opted to make these annual statements available to assist affected investors, in consultation with their tax and financial advisors, in making the appropriate elections,” said Warren Collier, managing director and head of iShares with BlackRock Canada, in a statement.
The 2015 PFIC statements are expected to be posted on the iShares website on March 31, 2016.