News & Articles

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

November 23, 2018
As mentioned in a previous article, many banks and brokerage firms are informing U.S. non-resident clients that they are no longer able to service their accounts and that their accounts have been restricted or even closed. In that same article, we outlined the following: U.S. citizens and Green Card holders who reside in Canada or
 

Terry Ritchie & Marc Gedeon Featured in The Globe and Mail, Ranking Snowbird States

November 17, 2018
Terry Ritchie and Marc Gedeon provide their expert opinions on how to understand what U.S. states make sense for Canadian Snowbirds. From the Globe and Mail article: Canadian retirees often look to spend their golden years south of the border. Among the benefits are lower taxes, more reasonable costs of living and, of course, better
 

Why Invest Internationally?

October 31, 2018
Diversification is the most important concept in investing, but also perhaps the least exciting. If anyone knew for sure exactly which one company or country would have the highest return in the coming year,- there would be no reason to hold anything else. But while being able to predict markets with any certainty sounds great in theory,- in practice nobody has been able to consistently outsmart the market. So...
 

Stock Market Volatility Is Nothing New

October 29, 2018
It’s common to hear about the long-term investment averages that we’ve all become accustomed to. Conventional wisdom says that over the long run stocks should earn something like 10% per year. And in that regard, the conventional wisdom is actually pretty good. Over the last 30 years through the end of 2017, the annualized return
 

Terry Ritchie featured in the Globe and Mail: Foreign Exchange

October 24, 2018
Terry Ritchie gives his insights and tips when dealing with foreign exchange options. From the Globe and Mail article: “I’m not a big fan of the banks,” said Terry Ritchie, a financial adviser who works both sides of the Canada-U.S. border. “They’re great for convenience. But if you can take the time and wait a
 

How a U.S. resident can receive tax-free alimony from a Canadian

October 12, 2018
While most people know that alimony is normally taxable income to the recipient and tax deductible by the payer, in the case of cross-border taxes, alimony can be received tax free while the payer still gets a tax deduction. Let’s look at an example where this would apply. Sarah is a U.S. Citizen who has
 

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

October 8, 2018
As noted by several articles that have been published, many banks and brokerage firms, including Wells Fargo, Morgan Stanley, Fidelity, and others, are informing U.S. non-resident clients that they are no longer able to service their accounts and that their accounts have been restricted or even closed. In this case, the term “non-resident” is not
 

Don’t Settle: Choose wisely when selecting a cross-border wealth management firm

October 3, 2018
Your whole life you have done things correctly: worked hard, saved and prudently invested your money. Then one day, out of the blue, you receive a letter from your U.S. investment management firm saying they no longer want to work with you because you reside outside of the U.S. Worse yet, they give you 90
 

How California Taxes a Canadian Trust

September 12, 2018
As we discussed in a previous article, many Canadians are shocked to learn that California taxes their RRSPs. Canadians are often also surprised and dismayed to learn that their Canadian trust could be subject, inadvertently, to the long arm of California’s tax system. Even just having a beneficiary – think trust fund baby – of
 
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