Cardinal Point Wealth Management

Your Cross-Border Financial Advisor

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    • Cross Border Wealth Management, Financial and Tax Planning Advisor
    • U.S. citizens living in Canada
    • Moving to Canada from the U.S.
    • Canadians Living in the U.S.
    • Moving to the U.S. from Canada
    • Expatriates Living Abroad
  • Blog
  • About Us
    • Our Story
    • Our Team
    • Our Clients
    • Legal and Compliance
    • Part 3 Form CRS
    • Relationship Disclosure Information
  • What We Do
    • Investment Management
    • Wealth Planning
    • Tax Planning and Preparation
    • Private Wealth Services-U.S.
    • Private Wealth Services-Canada
    • Cross Border Wealth Management, Financial and Tax Planning Advisor
    • Business Management for Athletes
  • Cross-Border Services
    • Cross Border Wealth Management, Financial and Tax Planning Advisor
    • U.S. citizens living in Canada
    • Moving to Canada from the U.S.
    • Canadians Living in the U.S.
    • Moving to the U.S. from Canada
    • Expatriates Living Abroad
  • Blog

Moving to Canada from the U.S.

MOVING TO CANADA FROM THE U.S.

Whether you are a U.S. citizen moving to Canada or a Canadian expat moving back home, important tax and financial planning considerations must be examined well before becoming a Canadian tax resident. With a Cardinal Point cross-border advisor, we assist U.S. citizens whom are moving to Canada in through a variety of solutions.

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MOVING TO CANADA FROM THE U.S.

Whether you are a U.S. citizen moving to Canada or a Canadian expat moving back home, important tax and financial planning considerations must be examined well before becoming a Canadian tax resident. With a Cardinal Point cross-border advisor, we assist U.S. citizens whom are moving to Canada in through a variety of solutions.

Let’s Talk
Toronto skyline

Unfortunately, and all too often, people make the mistake of moving to Canada first and then trying to address their financial affairs. This oversight can lead to lost tax planning opportunities and in some cases double taxation. With a Cardinal Point cross-border advisor, we assist our clients in the following areas:

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    Customs and immigration guidance
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    Pre-immigration tax planning strategies to reduce the risk of double taxation
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    Incorporated exit strategy to prevent residency questions or issues
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    Personal and corporate Canada and U.S. tax preparation including annual foreign account disclosure filings
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    Advice on specific assets that should transfer to Canada or remain in the United States
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    Selection and transition of specific U.S. investment accounts to Canada
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    Canadian investment and retirement account creation
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    Coordinated investment management services for U.S. and Canadian accounts
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    Assistance with currency conversion strategies
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    Canada-U.S. cross-border financial and retirement planning
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    Advice on U.S. retirement distribution strategies while residing in Canada
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    Holistic advice on cross-border financial and estate planning
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    Assistance with ongoing cross-border tax planning strategies
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    Ongoing “Canada-U.S. Tax Treaty” advice to avoid double taxation
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    Guidance on retirement benefits, such as CPP, OAS, Social Security and Medicare
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    U.S. stock option and company bonus plan advice before exiting the United States
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    Residential and commercial real estate advice
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    Assistance with the facilitation of exit tax returns
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    Health, life, disability, long-term care, business and property insurance review
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    Guidance on the unique economic and regulatory environment in Canada
US/Canada Investment Accounts

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US/Canada Investment Accounts

Tax Planning
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US/Canada Investment Accounts

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US/Canada Investment Accounts

Cross-border Financial & Tax Planning

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US/Canada Investment Accounts

Investment accounts in Canada and the U.S.?

Our team manages assets in both countries
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Speak with a cross-border financial planner

Speak with a cross-border financial planner

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

Dual Canada U.S. citizenship

Dual Tax Residency in a Canadian Context

Cross-border residency may create numerous significant Canadian tax issues for you, in both countries. That’s increasingly important since many people now work remotely across borders. Certain criteria are used to determine Canadian residency for tax purposes, but filing official forms to determine your tax status may also trigger reviews or audits that are not in your best interest. On the other hand, cross-border taxpayers may avoid double taxation thanks to treaties other countries sign with Canada. Tax rules are always complex, and those involving dual residency can be extremely complicated. That is why insight from an expert cross-border tax planning professional is strongly advised.

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Estate Planning letter

Communicating Your Estate Plan is a Vital Part of “The Estate Plan”

Estate planning is a vital part of financial planning and wealth management. But communicating your estate plans is equally vital, to ensure that your plans are executed according to your wishes. That’s especially true when it comes to communicating with the Executor of your estate and those who are designated with Power of Attorney for Property or Personal Care. Too often that communication is overlooked, but you can ensure that those designated persons are well-informed and prepared by writing them a letter that outlines their tasks and responsibilities. The following article includes more information, plus convenient, customizable templates to help you draft those vital communiqués.

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Gardener Contractor or Employee

Nannies, Housekeepers and Gardeners: U.S. Taxpayer Implications for Household Workers

If you are hiring a household worker in the United States, you need to have an understanding of their status related to income tax purposes and your obligations as the payor. The first thing to determine is whether the worker is an independent contractor or your employee. That status will determine the documentation required for the work agreement, payments made to and for the worker, as well as how you report their income paid by you. If you’re a Canadian resident, you’ll be interested in our next article on hiring household workers in Canada.

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How We Help

  • Cross-Border Financial & Tax Planning
  • Americans Living in Canada
  • Canadians Living in the U.S.
  • Moving to Canada from the U.S.
  • Moving to the U.S. from Canada
  • Expatriates Living Abroad

What We Do

  • Investment Management
  • Wealth Planning
  • Tax Planning & Preparation
  • Private Wealth Services for U.S. Residents
  • Private Wealth Services for Canadian Residents
  • Cross-Border Financial & Tax Planning
  • Business Management for Athletes

Resources

  • Canadians in California
  • Canadians in Texas
  • Canadians in Florida
  • Canadians in Arizona
  • Canadian and U.S. Expat Tax Planning
  • Wealth Management for U.S. Citizens in Canada
  • Calgary Financial Planner
  • Custodian Closed Your Cross-Border Investment Account?

Videos & Social Media

  • Americans in Canada: Investment Basics
  • Americans Selling Canadian Homes Face Tax Issues
  • Does it make financial sense to renounce your U.S. citizenship?
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Copyright © 2023 Cardinal Point Capital Management, ULC. All Rights Reserved.

“Cardinal Point” is the brand under which dedicated professionals within Cardinal Point Capital Management, ULC provide financial, tax and investment advisory, risk management, financial planning and tax services to selected clients. Cardinal Point Capital Management, ULC is a US registered investment advisor and a registered portfolio manager in Canada (ON, QC, MB, SK, NS, NB, AB, BC). Advisory services are only offered to clients or prospective clients where Cardinal Point and its representatives are properly registered or exempt from registration. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.