CANADIANS LIVING IN THE US
With Cardinal Point, Canadians living in the US can have the assurance of knowing all of their cross-border financial planning considerations can be addressed by one company.
CANADIANS LIVING IN THE US
With Cardinal Point, Canadians living in the US can have the assurance of knowing all of their cross-border financial planning considerations can be addressed by one company.
For Canadians living in the US, it can be difficult to find a local financial advisor or tax practitioner that is well versed in Canada-U.S. cross-border financial planning. This forces many Canadian expats to work with multiple Canadian and U.S. practitioners which can be inefficient and costly. With Cardinal Point, Canadian expats can have the assurance of knowing all of their cross-border financial planning considerations can be addressed by one company. With Cardinal Point, clients receive the following services:
- Coordinated investment management services for U.S. and Canadian accounts
- Advice on specific assets that should transfer to the United States or remain in Canada
- Advice on Canadian retirement account distribution strategies while residing in the U.S.
- Holistic advice on cross-border financial and estate planning
- Incorporated U.S. gift and estate strategies within the financial plan
- Assistance with cross-border tax planning strategies
- “Canada-U.S. Tax Treaty” advice to avoid double taxation
- Guidance on retirement benefits, such as CPP, OAS, Social Security and Medicare
- Assistance with currency conversion strategies
- U.S. stock option and company bonus plan advice
- Residential and commercial real estate advice
- Health, life, disability, long-term care, business and property insurance review
- Guidance on the unique economic and regulatory environment in the United States
- Personal and corporate Canada and U.S. tax preparation including annual foreign account disclosure filings
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OUR RECENT PUBLICATIONS
Ebook: Am I a U.S. Tax Resident?
While it is common knowledge that U.S. citizens and green card holders are responsible for filing U.S. tax returns, most people who move to the U.S. on a non-resident visa – such as a TN, E1 or E2, O-1, L-1 – are unfamiliar with the U.S. tax residency rules that can subject them to U.S. taxation on their worldwide income.
Ten Reasons Why Working with One Financial Advisor Is Better Than Two
It may be tempting to consider splitting your investment assets between two advisors. You may be surprised, though, by how many good reasons there are to not do so. This is particularly true for people living a cross-border lifestyle; keeping a home country advisor when you move increases reporting requirements, the number of tax filings, and, possibly, tax liability…
Cross-border Canadian Departure Checklist when moving to the U.S. Ebook
Before Canadians become permanent residents of the U.S., it is important to understand and prepare for the significant differences between these countries as to cross-border financial planning. Mistakes and missed deadlines in these matters can be costly. There are many considerations. Some are obvious, but many are not.