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- Sun Jun 26, 2016 12:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Is mortgage investment a PFIC?
- Replies: 0
- Views: 3218
Is mortgage investment a PFIC?
I am a dual Canadian/US citizen. I lived in US for 33 years but moved back to Canada last year. I transferred $$ from US to Canada that I would like to invest rather than buy real estate. I understand that investing in PFICs (Passive Foreign Investment) is strongly discouraged due to tax obligations ...