CROSS BORDER WEALTH MANAGEMENT AND FINANCIAL PLANNING
At Cardinal Point, we understand that there’s no such thing as a “one size fits all” cross border wealth management financial planning strategy. That’s why our team of practitioners provide clients with personally tailored tax, legal and investment solutions that fit their unique cross-border lifestyle.
CROSS BORDER WEALTH MANAGEMENT AND FINANCIAL PLANNING
At Cardinal Point, we understand that there’s no such thing as a “one size fits all” cross border wealth management and financial planning strategy. That’s why our team of practitioners provide clients with personally tailored tax, legal and investment solutions that fit their unique cross-border lifestyle.
Increasing Need for Cross Border Wealth Management Specialists
Whether for professional or personal reasons, more people are taking up permanent or temporary residence in other countries. Never has this been more true than today, particularly for Canadian and American citizens. And while a move into a new country represents a new and exciting time, this transition also requires proper cross border wealth management, financial planning, tax planning and investment management.
Trusted Guidance Across Borders
Cardinal Point takes a multifaceted approach to providing wealth management services in the United States and Canada. Our investment wealth management, tax and financial planning solutions are tailored to those living and working in the U.S. and Canada and those expats living abroad. Cardinal Point’s team of advisors specialize in cross-border planning, transition of assets, and ongoing oversight of investment portfolios.
Who Can Benefit
Those clients who benefit from our cross-border financial, tax and estate planning and investment management oversight expertise include:
- Executives and professionals working and living across the border
- Canadians retiring in the United States and Americans retiring in Canada
- Small business owners with companies on both sides of the border
- Canadians returning to Canada and Americans returning to the United States
- Canadian and U.S. expats living abroad
Speak with a cross-border financial planner
We handle all your cross-border tax & financial planning needs
OUR RECENT PUBLICATIONS
EBook: The Health Savings Account in a Canada-U.S. Context
A good savings or investment account allows you to avoid tax on contributions, income, and distribution. Not all available options meet these goals. For Americans living in the U.S., the Health Savings Account (HSA) does, in certain circumstances. For Americans living in Canada, though, the HSA’s benefits disappear as contributions cannot continue and tax liability opens up in Canada for income in the plan. Similarly for Canadians living in the U.S., benefits cease for Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs). Take a look at this e-book for more detail on the savings and investment plans available and see how they compare.
Infographic: Can A Foreign Spouse Claim U.S. Social Security?
US Taxation of Your Canadian Rental Home
For Canadians moving to the U.S., the options for their home are to sell it, to keep it as a secondary residence, or to rent it. Each has its pros and cons.
Choosing to rent creates tax and capital gains issues in Canada and in the U.S., ongoing tax filing requirements, and the need for a dependable local property manager. Decisions need to be made in a timely way to maximize available tax exemptions. It is complicated, but it may be a wise choice. Cardinal Point’s cross-border specialists can help you decide if it is right for your specific situation and then show you how to use the Canada/U.S. Tax Treaty provisions to your advantage.