Moving to the U.S. from Canada

Coordinating a move to the U.S. from Canada without a financial transition plan can lead to adverse tax consequences and missed financial planning opportunities.

MOVING TO THE U.S. FROM CANADA

Coordinating a move to the U.S. from Canada without a financial transition plan can lead to adverse tax consequences and missed financial planning opportunities.

Strategic Financial Planning for Canadians Moving to the U.S.

Moving to the U.S. from Canada requires thoughtful financial planning strategies that address departure taxes, transitioning assets and investment interests across the border, managing Canadian dollar investment accounts while tax managing them based on the U.S. tax rules, as well as creating a cross-border estate plan. Cardinal Point helps coordinate the financial transition across the border and then continues to oversee the relationship when the move is complete. We focus on assisting clients in the following areas:

Exit and departure planning strategies to minimize tax and prevent residency questions or issues
Preparation of Canadian departure tax returns
Determine best approach to wind up Canadian corporations
Advice on specific assets that should transfer to the United States or remain in Canada
Transition of specific Canadian investment accounts to the United States
Coordinated investment management services for U.S. and Canadian accounts
Advice on Canadian retirement distribution strategies while residing in the United States
Holistic advice on cross-border financial and estate planning
Incorporation of U.S. gift and estate strategies within the financial plan
U.S. investment and retirement account creation

Assistance with ongoing cross-border tax planning strategies
“Canada-U.S. Tax Treaty” advice to avoid double taxation
Guidance on retirement benefits, such as CPP, OAS, Social Security and Medicare
Assistance with currency conversion strategies
Canadian stock option and company bonus plan advice before exiting Canada
Residential and commercial real estate advice
Health, life, disability, long-term care, business and property insurance review
Guidance on the unique economic and regulatory environment in the United States
Personal and corporate Canada and U.S. tax preparation including annual foreign account disclosure filings

Investment accounts in Canada and the U.S.?

Our team manages assets in both countries

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

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OUR RECENT PUBLICATIONS

“Papers, please.”− Many Canadian Visitors Must Now Register with US Immigration

It is the end of an era. Pursuant to a January 20 presidential executive order, the US is changing the rules for foreign nationals, including some Canadian snowbirds, who enter the US as visitors without visas. Who must register: Beginning April 11, the following visitors without visas (including infants) who are not otherwise exempt must [...]

Canada US flags, cross-border financial decisions

Kris Rossignoli Featured in The Globe and Mail on the Hidden Costs of U.S. Redomiciling

In the article, Rossignoli offers expert commentary on the financial, tax, and immigration challenges Canadian companies face when considering relocating operations to the U.S.

Kris Rossignoli featured in The Globe and Mail – Cross-Border Financial Uncertainty Amid U.S. Trade War

Kris Rossignoli, Senior Private Wealth Manager at Cardinal Point Wealth Management, is a leading voice in cross-border financial planning, guiding clients through rising uncertainty as the U.S. trade war intensifies. Featured in The Globe and Mail article “Five questions cross-border experts are facing as trade war escalates,” Rossignoli offers expert insights into the growing concerns of his clients with ties across the U.S.-Canada border.

Moving to the U.S. from Canada