I am a U.S. citizen living in Canada. I have maxed out my RRSP here and want to invest in mutual funds or ETFs, but am concerned about triggering PFIC tax liability. I believe I can open a Canadian account here and invest in an ETF listed on the U.S. stock exchange and are set up as U.S. domestic entities with PFIC risk.
Does anybody know if this is true? Or have any other investment strategies for my situation?
Thanks in advance!
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Since you are asking for investment advice, this is beyond the scope of this Turbo Tax venue. Please refer this question to an investment broker who is qualified to advise you on investment strategies to make.
I am finding myself in a catch-22. My investment broker says I need to ask a tax adviser about the tax implications...Are there people who can do both?
you can search the web for an answer - watch out if the thread is old and check out several responses. you may find conflicting info. your other option is to pay a law or cpa firm.
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