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Should Snowbirds Live in the U.S.? (5/17/2013)Cardinal Point’s Terry Ritchie looks at new measures to promote longer stays by Canadians in the U.S. The first proposal would let Canadians stay in the U.S. for up to 240 days per year, as long as they are 55 years or older, maintain a Canadian residence, and own/rent property in the U.S. Another provision [...]
CRA Beefs Up Foreign Property Disclosure Requirements (5/5/2013)The Canada Revenue Agency (CRA) recently announced in the 2013 budget that it’s tightening foreign reporting requirements. Starting in 2013 and in subsequent tax years, Canadian residents will be required to file Form T1135 with the CRA if they own foreign property. The move appears to align with foreign property requirements in the U.S. Although [...]
Why Should Every Investor Request an Investment Policy Statement? (4/18/2012)John McCord discusses the importance of defining financial goals and responsibilities in his piece discussing Investment Policy Statements (IPS). While not a financial plan, an IPS is a critical component of a holistic financial plan that takes into consideration insurance, estate, and retirement planning. Critical in any client-financial advisor relationship is a mutual understanding that [...]

Terry Ritchie joins the firm as Director, Cross-Border Wealth Services (5/16/2013)Cardinal Point Wealth Management Inc. (“Cardinal Point”) is pleased to announce that Terry Ritchie has joined the firm as Director, Cross-Border Wealth Services. With a wealth management career spanning 25 years, Ritchie brings substantial experience in the areas of financial, investment, tax and estate planning. Ritchie specializes in assisting affluent individuals and families with their [...]
Cardinal Point Wealth Management featured in the Wall Street Journal, “A Cross-Border Retirement Without Tax Woes” (1/11/2013)Our own Jeff Sheldon was recently featured in a Wall Street Journal article, “A Cross-Border Retirement Without Tax Woes.” He shared the story of a couple who retired to the U.S. from Canada. While they sought sunny weather and a simpler life, when it came time to sort out their taxes and streamline their retirement [...]
Cardinal Point Wealth Management Creates Partnership with Canadian California Business Council (4/26/2012)Cross-border opportunities between the U.S. and Canada have been given a boost by the Canada California Business Council and Cardinal Point Wealth Management, who today announced a strategic partnership.

Estate Planning for Snowbirds (5/22/2013)In this segment for Investment Executive, Terry Ritchie talks about U.S. estate planning issues for Canadians with property in the U.S. Recent estate property tax changes in the U.S. have relieved the burden for many Canadians of what happens upon their death when they own U.S. property. If a Canadian owns property with a worldwide [...]
Americans in Canada Facing Obamacare Surtax (5/6/2013)In this video segment, Terry Ritchie, cross-border tax and estate planning expert, discusses how a new measure in the Patient Protection and Affordable Care Act, also known as “Obamacare,” could result in a surprise for U.S. citizens living in Canada. Effective for 2013, a 3.8% surtax will be imposed on passive income such as interest, [...]