Cardinal Point Wealth Management

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Expatriates Living Abroad

EXPATRIATES LIVING ABROAD

For those Canadians and Americans moving or living abroad, careful cross-border financial planning considerations must be given to ensure tax and regulatory compliance in both your home and adopted countries.

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The implementation of a proper investment and financial plan requires thoughtful analysis that protects your estate while living abroad but offers the flexibility if and when you were to return home to Canada or the United States. Cardinal Point assists Canadian and U.S. expats with the following:

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    Advice on assets that should transfer abroad or remain in your native country
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    Management of investment accounts that remain in Canada or the United States
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    Advice on Canadian and U.S. retirement distribution strategies while residing abroad
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    Tax planning exit strategies to prevent tax residency questions or issues
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    Holistic advice on cross-border financial and estate planning
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    Incorporation of U.S. gift and estate strategies within the financial plan
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    Assistance with cross-border tax planning strategies, including annual foreign account disclosure filings
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    Guidance on retirement benefits, such as CPP, OAS, Social Security and Medicare
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    Assistance with currency conversion
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    Residential and commercial real estate advice
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    Financial transition planning when returning to Canada or the United States
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    Assistance with the preparation of Canadian and U.S. tax returns
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    Health, life, disability, long-term care, business and property insurance review
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

Canadian Tax

Terry Ritchie in Podcast: Tax Implications for Americans Living in Canada

Minimizing liability when paying income taxes can be complicated for the nearly 1 million American citizens living in Canada. Terry Ritchie, Cardinal Point Wealth Management Vice President, recently shared his expertise on this topic with Financial Planning for Canadian Business Owners podcast host Jason Pereira. From the tax definition of U.S. resident and income tax filing requirements [...]

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Canada – Can I Deduct Home Office Expenses During COVID-19?

Have you been working from home as a result of a stay-at-home order in your area during the COVID-19 pandemic? If
so, you may be able to deduct related expenses from your 2020 Canadian personal income tax return. In this article, we
will discuss specific qualifying conditions that must be met as well as eligible expenses and necessary supporting
documentation.

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Silver Linings – Financial Planning Opportunities During the Coronavirus Turmoil

As the old saying goes, every cloud has a silver lining. While the past month has brought the steepest stock market correction in history along with unprecedented volatility, it has also created a number of positive opportunities for Cardinal Point clients. In this article, we’ll take a look at a few metaphorical silver linings including why our current economic environment is prime time for tax-loss harvesting, mortgage refinancing, and currency conversion.

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