Search found 2 matches

by Canadianinus
Mon Feb 10, 2020 5:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting PFIC income when not required to file Form 8621
Replies: 5
Views: 1434

Re: Reporting PFIC income when not required to file Form 8621

Hi MGeorge, thank you so much for all info you post. My question is: 1. I only have reinvested dividends from the mutual fund I hold in my TFSA/RESP, and the total value never exceed 50,000 (file income tax jointly), do I still need to file the form 8621? 2. I never file 8621 since I moved to US fro...
by Canadianinus
Mon Feb 10, 2020 2:42 pm
Forum: Canada / United States Tax & Accounting
Topic: Taking stab at 3520, -A for TFSA
Replies: 157
Views: 132514

Re: Taking stab at 3520, -A for TFSA

This forum is so helpful for my 3520 and 3520A, but I didn't realized that the mutual fund holdings in my RESP and TFSA are treated as PFIC until now, I never file 8621 since 2012. My questions: 1. There is only reinvested dividends from the mutual fund, do I have to file 8621? 2. If I have to file ...