Toronto-based BlackRock Asset Management Canada Ltd., the manager of the Canadian iShares suite of funds, announced on Friday that it has revised the list of iShares funds for which Passive Foreign Investment Company (PFIC) annual information statements will be available for the 2015 tax year.
PFIC statements contain reporting information that can enable investors classified as “U.S. Persons: for the purposes of U.S. tax laws to make the Qualified Electing Fund (QEF) election for U.S. tax reporting purposes.
BlackRock Canada strongly recommends that impacted investors work with their financial advisor and a U.S. tax professional to discuss any PFIC-related tax implications.
The 2015 PFIC statements are expected to be posted to the iShares website on or about Mar. 31, 2016.
Click here for the revised list of iShares funds.
The funds for which PFIC statements will be made available is subject to change without further notice, BlackRock says.