Here is some info I found on PFIC
Treatment of United States Persons that Own Stock of Passive Foreign Investment Companies Through Certain Organizations and Accounts that Are Tax Exempt
Notice 2014-28
Here is the link
http://www.irs.gov/pub/irs-drop/n-14-28.pdf
Treatment of United States Persons that Own Stock of PFIC
Moderator: Mark T Serbinski CA CPA
This applies to US plans (notice the section numbers from the IRC, these correspond with various types that we are familiar with) . No Cdn plans fit that description.
RRSPs are specifically exempt because of the treaty.
RRSPs are specifically exempt because of the treaty.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing