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	<title>Thom &#38; Associates Financial Planners Inc.</title>
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	<description>Protection Today While Planning for Tomorrow</description>
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		<title>Urgent information to all US Citizens holding Mutual Funds in Canada</title>
		<link>http://thomandassociates.com/?p=321</link>
		<comments>http://thomandassociates.com/?p=321#comments</comments>
		<pubDate>Tue, 06 Mar 2012 02:37:59 +0000</pubDate>
		<dc:creator>Thom &#38; Associates Financial Planners Inc.</dc:creator>
				<category><![CDATA[News Bulletins]]></category>

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		<description><![CDATA[URGENT: If you or anyone you know is a US Citizen and holds mutual funds in Canada, it is very important that you contact us right away to discuss severe tax implications that you may be subject to. Ownership of a Canadian mutual fund by any US Citizen will be subjected to the IRS’ Passive [...]]]></description>
				<content:encoded><![CDATA[<p>URGENT: If you or anyone you know is a US Citizen and holds mutual funds in Canada, it is very important that you contact us right away to discuss severe tax implications that you may be subject to. Ownership of a Canadian mutual fund by any US Citizen will be subjected to the IRS’ Passive Foreign Investment Corp rules and can create serious taxation and accounting liabilities. If you are a US Citizen, please contact our Managing Partner Brett Millard, CFP for a full explanation of this new development at (250) 712-3050 or email him at <strong><a href="mailto:Brett@ThomAndAssociates.com">Brett@ThomAndAssociates.com</a></strong>.</p>
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