So you don't think the IRS would come after an individual USC that holds a Canadian ETF even if it does seem to "technically" meet the test of being a PFIC?
(Actually, I guess the issue only comes to a head when a USC *sells* a PFIC at a gain. I can't find any evidence that there are any penalties/interest from simply buying and holding a PFIC. Correct me if that's wrong.)
Another TFSA question
Moderator: Mark T Serbinski CA CPA