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.
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:
- Advice on assets that should transfer abroad or remain in your native country
- Management of investment accounts that remain in Canada or the United States
- Advice on Canadian and U.S. retirement distribution strategies while residing abroad
- Tax planning exit strategies to prevent tax residency questions or issues
- Holistic advice on cross-border financial and estate planning
- Incorporation of U.S. gift and estate strategies within the financial plan
- Assistance with cross-border tax planning strategies, including annual foreign account disclosure filings
- Guidance on retirement benefits, such as CPP, OAS, Social Security and Medicare
- Assistance with currency conversion
- Residential and commercial real estate advice
- Financial transition planning when returning to Canada or the United States
- Assistance with the preparation of Canadian and U.S. tax returns
- Health, life, disability, long-term care, business and property insurance review
Speak with a cross-border financial planner
We handle all your cross-border tax & financial planning needs
OUR RECENT PUBLICATIONS
Moving Across the Border and Leaving Your Aging Parents Behind
The senior population—defined as those age 65 and older—is exploding in both the U.S. and Canada. If you’re planning a move across the border for work or retirement, it’s likely you have an aging family member or two to consider. In this article, we’ll explore the documents you need to have in order as well as other steps to take before you relocate away from the senior citizens you love.
Lifetime Capital Gains Exemption & Qualified Small Business Corporation
The Lifetime Capital Gains Exemption (“LCGE”) is a once-in-a-lifetime tax deduction that is available for every Canadian resident individual on up to $883,384 CAD (2020, and indexed to inflation on an annual basis) of capital gains realized on the sale of Qualifie