Cardinal Point Wealth Management

Your Cross-Border Financial Advisor

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  • What We Do
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    • Wealth Planning
    • Tax Planning and Preparation
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    • 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.
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    • Moving to the U.S. from Canada
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Listen to Terry Ritchie on a Podcast Revisiting Canada/US Cross-border Planning

Cardinal Point’s VP and partner Terry Ritchie joined host Jason Periera on his podcast to discuss recent developments around financial planning issues for Americans living in Canada and Canadians investing in the US.

Terry is Jason’s “go-to guru on all things cross-border,” and, like many of CP’s wealth managers, he has the firsthand knowledge that comes from living in both countries. Among the current areas of concern that Terry discusses: inflation and how it affects planning; how where you might die affects estate tax liabilities; how Americans moving to Canada need to be prepared for a more intrusive Canada Revenue Agency (CRA) than the IRS would ever be.

For Americans in Canada, added US compliance rules apply even for opening Canadian bank accounts, Tax-free Savings Accounts (TFSA) and other savings plans. Regulations around these rules are in flux, requiring qualified advice. An American selling a home in Canada cannot use a foreign tax credit and may face significant capital gains tax, a very unwelcome surprise for the unprepared. For Canadian snowbirds investing in the US, there will be questions around how best to own property—should it be as a trust, a corporation, jointly with a spouse? CP has a blog article specifically about this. If such a property is rented out, more considerations come into play. There are proposed changes to US estate tax regulations and filing requirements that a prudent Canadian investing in the US should be aware of. If you see yourself as one of these people and want to know more, check out the podcast here.

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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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“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.