Annual Information Statements

To support U.S. persons investing in our Funds, iA Clarington provides tax information in the form of PFIC Annual Information Statements.

Generally, U.S. investors are required to file Form 8621 to report their investment in a PFIC. The PFIC Annual Information Statement enables U.S. investors to make the Qualified Electing Fund (QEF) election when they file Form 8621.

A Passive Foreign Investment Company (PFIC) is defined as a non-U.S. corporation (or a non-U.S. entity treated under U.S. tax principles as a corporation) where 75% or more of its gross income is passive income, or at least 50% of the corporation's assets produce or are held to produce passive income. Canadian mutual funds are generally viewed as PFIC for U.S. tax purposes and are subject to U.S. PFIC rules. "U.S. persons" holding Canadian mutual funds in non-registered, RESP and TFSA accounts and are likely subject to the Passive Foreign Investment Company (PFIC) rules and are required to report income from each PFIC when U.S. income tax returns are filed.

A "U.S. person" is defined as a U.S. citizen, U.S. resident, green card holder, or an individual who meets the Substantial Presence test under the Internal Revenue Code (and does not qualify for the Closer-Connection Exception). U.S. resident corporations, partnerships, estates and trusts may also be defined as "U.S. persons."

The PFIC rules are very complex, and we suggest you seek advice from a U.S. tax advisor on how these rules may apply to your situation.

*Now available PFIC Annual Information Statements for the 2017 tax year

To support investors who are affected by the PFIC rules, iA Clarington is providing PFIC Annual Information Statements for selected funds.

You can make Qualified Electing Fund (QEF) elections on your 2017 U.S. income tax returns. The PFIC Annual Information Statement contains the information investors need for PFIC reporting for purposes of the QEF election. Please consult with your tax advisor to discuss any PFIC-related tax implications. For some funds, we are also providing IRS Form 8937 which contains certain information that may be required when filing U.S. tax returns. Please note that any U.S. federal tax information contained herein is not intended or written to be used and cannot be used for the purpose of (i) avoiding penalties that may be imposed under the U.S. Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

See the table below for a listing of iA Clarington funds we are providing 2017 PFIC Annual Information Statements and IRS Form 8937. To print, click on the fund name required, download and print the PDF.

For U.S. citizens living in Canada, the deadline to file 2017 U.S. tax returns is June 15, 2018.


Fund*NEW
2017 PFIC AIS
*NEW
2017 IRS Form 8937
2016 PFIC AIS2016 IRS Form 8937
IA Clarington Bond Fund    
IA Clarington Canadian Balanced Class    
IA Clarington Canadian Balanced Fund    
IA Clarington Canadian Conservative Equity Class    
IA Clarington Canadian Conservative Equity Fund    
IA Clarington Canadian Dividend Fund    
IA Clarington Canadian Small Cap Class    
IA Clarington Canadian Small Cap Fund    
IA Clarington Core Plus Bond Fund    
IA Clarington Dividend Growth Class    
IA Clarington Floating Rate Income Fund    
IA Clarington Focused Balanced Class    
IA Clarington Focused Balanced Fund    
IA Clarington Focused Canadian Equity Class    
IA Clarington Focused U.S. Equity Class    
IA Clarington Global Bond Fund    
IA Clarington Global Equity Fund    
IA Clarington Global Growth & Income Fund    
IA Clarington Global Opportunities Class    
IA Clarington Global Opportunities Fund    
IA Clarington Global Tactical Income Class    
IA Clarington Global Tactical Income Fund    
IA Clarington Inhance Balanced SRI Portfolio    
IA Clarington Inhance Canadian Equity SRI Class    
IA Clarington Inhance Conservative SRI Portfolio    
IA Clarington Inhance Global Equity SRI Class    
IA Clarington Inhance Growth SRI Portfolio    
IA Clarington Inhance Monthly Income SRI Fund    
IA Clarington Monthly Income Balanced Fund    
IA Clarington North American Opportunities Class    
IA Clarington Sarbit Activist Opportunities Class    
IA Clarington Sarbit U.S. Equity Class (Unhedged)    
IA Clarington Sarbit U.S. Equity Fund    
IA Clarington Strategic Corporate Bond Class    
IA Clarington Strategic Corporate Bond Fund    
IA Clarington Strategic Equity Income Class    
IA Clarington Strategic Equity Income Fund    
IA Clarington Strategic Income Class    
IA Clarington Strategic Income Fund    
IA Clarington Strategic U.S. Growth & Income Fund    
IA Clarington Tactical Bond Class    
IA Clarington Tactical Bond Fund    
IA Clarington Tactical Income Class    
IA Clarington Tactical Income Fund    
IA Clarington U.S. Dividend Growth Fund    
IA Clarington U.S. Dollar Floating Rate Income Fund    
IA Clarington Yield Opportunities Fund    

If you have any questions regarding PFIC Annual Information Statements, please contact our client services team at 1-800-530-0204 or email us at funds@iaclarington.com

The information provided herein does not constitute financial, tax or legal advice. Information presented should not be considered a recommendation to buy or sell a particular security.