I'm a Canadian and U.S citizen (I've lived in Canada my entire life) and I'm trying to start investing with Wealthsimple. From my understanding, it is possible for me to avoid PFICs by investing in ETFs/index funds that are American-based but represent various markets (U.S, Canada, International, etc).
A) Is this understanding correct?
B) I'm currently looking at investing in index funds like VTI, VXUS, and BSV, which I don't believe re subject to PFICs. Is this correct and is there some list I can find of which ETFs/index funds are and aren't subject to PFICs?
Thanks!