U.S. taxpayers living and investing in Canada are likely familiar with the headaches associated with reporting income from a passive foreign investment company (PFIC) to the IRS.
PFIC reporting can be a time consuming, cumbersome and expensive process. If you hold multiple funds that are considered PFICs, these costs can add up quickly, as one U.S. tax form (Form 8621) must be filed for each individual investment.
Simplified tax reporting
Extensive diversification in a single portfolio
Globally renowned portfolio management
IG U.S. Taxpayer Portfolios are an exclusive and sophisticated solution that can help simplify U.S. tax reporting. They offer a complete portfolio solution with holdings diversified by geography, asset class, market cap and investment style.
Each portfolio will require only one PFIC form (Form 8621), which can help simplify tax reporting and reduce the time and cost typically required of a portfolio with multiple investment solutions.
BlackRock is the world’s largest asset manager with over $10 trillion in assets under management.* IG U.S. Taxpayer Portfolios will draw on BlackRock’s deep and extensive investment resources for portfolio construction, risk management and pursuit of competitive returns. They will leverage their diverse selection of investment products with the goal of ensuring the portfolios remain in line with PFIC requirements.
*in USD, as of December 31, 2021
Here’s what to expect from your initial conversation with an IG advisor; they will:
Understand what’s important to you: your values, concerns and goals.
Share our approach to financial planning, which goes beyond investments, to include tax efficient strategies, risk reduction and more.
Answer any questions you may have and establish our next steps.
Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated.
BlackRock® is a registered trademark of BlackRock, Inc. and its affiliates (“BlackRock”) and is used under license. BlackRock makes no representations or warranties regarding the advisability of investing in any product or service offered by IG Wealth Management. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of any product or service offered by IG Wealth Management.
