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

Investment accounts in Canada and the US?

Our team manages assets in both countries

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Speak with a cross-border financial planner

We handle all your cross-border tax & financial planning needs

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OUR RECENT PUBLICATIONS

Ebook: Canadian Deductibility of 401(K) Contributions and U.S. Deductibility of RRSP Contributions

New Ebook - Canadian Deductibility of 401(K) Contributions and U.S. Deductibility of RRSP Contributions A Canadian working in the U.S. may be offered a 401(k) plan with matching contributions by their employer. The plan will lower U.S. taxable income, but what effect will it have on Canadian taxable income? Are the matching contributions taxable in [...]

Ramifications of Liquidating Brokerage Account

Residents of Canada: What are the Canadian and U.S. Tax Ramifications when being forced to liquidate a U.S. brokerage account Ebook

New Ebook - Residents of Canada: What are the Canadian and U.S. Tax Ramifications when being forced to liquidate a U.S. brokerage account New enforcement of existing U.S. nonresident client regulations regarding U.S. taxable brokerage accounts means that many of these accounts are being forced to close, loosely based on the location of the primary [...]

Clarifying the U.S. Minimum Distribution Rules

Regulations around Required Minimum Distributions (RMDs) are quite complex and simultaneously extremely important. Failing to take an RMD will result in a 50% excise tax. There is a precise calculation to determine an RMD amount for a given year, and you can delay your first RMD. There are specific situations that permit extending the period in which you must take a distribution and rules that apply in the event of death. There are regulations around RMDs applicable to inherited accounts, and these have completely changed since passage of the SECURE Act in 2019. Opportunities exist to delay RMDs for a Designated Beneficiary not yet chosen. There are a multitude of tax implications around all of these issues, and Cardinal Point is eminently qualified to offer you tailored guidance in your planning strategies.

Canadians Living in the U.S.