Cardinal Point Wealth Management

Your Cross-Border Financial Advisor

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    • U.S. Citizens Living in Canada
    • Moving to Canada from the U.S.
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  • Blog
  • About Us
    • Our Story
    • Our Team
    • Our Clients
    • Legal and Compliance
  • 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
  • Cross-Border Services
    • Cross Border Wealth Management, Financial and Tax Planning
    • 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 the U.S. from Canada

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.

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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.

Let’s Talk
Moving to California

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:

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    Exit and departure planning strategies to minimize tax and prevent residency questions or issues
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    Preparation of Canadian departure tax returns
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    Determine best approach to wind up Canadian corporations
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    Advice on specific assets that should transfer to the United States or remain in Canada
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    Transition of specific Canadian investment accounts to the United States
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    Coordinated investment management services for U.S. and Canadian accounts
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    Advice on Canadian retirement distribution strategies while residing in the United States
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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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    U.S. investment and retirement account creation
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    Assistance with ongoing cross-border tax planning strategies
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    “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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    Assistance with currency conversion strategies
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    Canadian stock option and company bonus plan advice before exiting Canada
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    Residential and commercial real estate advice
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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 the United States
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    Personal and corporate Canada and U.S. tax preparation including annual foreign account disclosure filings
US/Canada Investment Accounts

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US/Canada Investment Accounts

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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

Cross Border Implications of Holding a 529 Plan

Infographic: Cross-Border Implications of Holding a 529 Plan Infographic

Canadian families returning to Canada from the US must consider significant tax implications associated with any existing 529 Plans, including whether a Canadian higher education institution is eligible under the Plan. Also, there is the likelihood of new Canadian tax liability as well as the possibility the 529 may be deemed a resident trust. Transferring ownership of the 529 may avoid triggering new taxes.

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America West Coast

West Coast Taxes for Retired Divorced U.S. Citizen

As cross-border financial and tax advisors, we are constantly being asked by clients as to where it is better to retire – Canada or the U.S.? Further, if Canada or the U.S., which provinces or states should be considered? This decision has endless personal factors, such as where your family and friends are located, accessibility [...]

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US Expatriate Tax

Overview of U.S. Expatriation

US citizens who renounce citizenship or Green Card Holders who surrender their Green Cards may be subject to US Expatriation Tax. If you are considering this, it might be wise to seek advice about questions around citizenship, long-term residency, and Covered Expatriate status, as well as the required forms, applicable rules, and tests surrounding this tax. Cardinal Point has the answers to these complex issues and offers advice specific to your unique circumstances.

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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

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
  • 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 © 2022. Cardinal Point Wealth Management Partners, LLC and Cardinal Point Capital Management ULC All Rights Reserved.

"Cardinal Point" is the brand under which the dedicated professionals within the independent Cardinal Point Group of Companies collaborate to provide financial and investment advisory, risk management, financial planning and tax services to selected clients. Cardinal Point comprises two legally separate companies: Cardinal Point Wealth Management Partners, LLC, a U.S. registered investment advisor and Cardinal Point Capital Management ULC is a U.S. 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 the independent Cardinal Point firms and its representatives are properly registered or exempt from registration. Each firm enters into client engagements independently. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.