CANADIANS LIVING IN THE U.S.
With Cardinal Point, Canadians living in the U.S. can have the assurance of knowing all of their cross-border financial planning considerations can be addressed by one company.
CANADIANS LIVING IN THE U.S.
With Cardinal Point, Canadians living in the U.S. 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 U.S., 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
Speak with a cross-border financial planner
We handle all your cross-border tax & financial planning needs
OUR RECENT PUBLICATIONS
Press Release: Pro Ice Management Group Team to Join Focus Partner Firm Cardinal Point
Focus Financial Partners Inc. (NASDAQ:FOCS) (“Focus”), a leading partnership of independent, fiduciary wealth management firms, announced today that the team from Pro Ice Management Group Inc. (“Pro Ice”) will join Cardinal Point Capital Management ULC (“Cardinal Point”). The Pro Ice team is expected to join Cardinal Point in the third quarter of 2022.
Infographic: Canadian Expat – Selling Your Principal Residence
For individuals moving from Canada to the U. S. and planning to sell their Canadian home, there are different Canadian and U.S. tax implications. To avoid or minimize tax liability, specific criteria need to be met around the questions of whether tax residency is in Canada or U.S. when the sale occurs and if the home qualifies as a principal residence. If sold while still a Canadian tax resident, a status that can be maintained for a period beyond the moving date, exemptions apply. Additional compliance requirements need to be met when the property is sold by a U.S. tax resident.
