This would allow a no PFIC rule for any foreign universe. It seems like this is doable. Even more so than the no Master LP rule, this will simplify tax time greatly. And also has major tax consequences for US investors. If these stocks are not included in the Canadian Universe, please let me know, and I'll delete this request. But, I am wary of investing (especially with a higher turn system) in Canada, without this.

See:
1. http://www.osler.com/NewsResources/Default.aspx?id=3389 (Suggests that many Canadian mining companies that are in the 'exploration' phase may be classified as PFIC's.
2. http://www.investopedia.com/terms/p/pfic.asp
3.http://isites.harvard.edu/fs/docs/icb.topic1321119.files/October%209%202013%20%20Articles%20and%20Readings/PFICs_Gone_Wild.1.pdf (PAPER from professor whose father owned all Canadian mining companies, that were classified as PFIC's).
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Requested by: Tomyani
On date: 03/26/14
Category: Simulation

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