OUR CLIENTS
Cardinal Point specializes in assisting affluent individuals and families living in Canada and the U.S., Canadians moving the U.S., Americans moving to Canada as well as Canadian and U.S. expats living abroad, with their investment management, tax, financial and cross-border wealth planning requirements.
OUR CLIENTS
Cardinal Point specializes in assisting affluent individuals and families living in Canada and the U.S., Canadians moving the U.S., Americans moving to Canada as well as Canadian and U.S. expats living abroad, with their investment management, tax, financial and cross-border wealth planning requirements.
Wealth Management for a Full Spectrum of Needs
We pride ourselves in offering the following advantages:
- Fiduciary Standard: Our professionals operate under the highest standard of care in the financial services industry.
- Independence: Clients benefit from access to a non-proprietary, conflict-free platform.
- Transparency: Our fee-based compensation structure is openly disclosed.
- Collaborative Approach: Our team of multidisciplinary professionals includes Certified Financial Planners® (CFP® Canada & US), Canadian and U.S. Chartered Accountants (CPA), Chartered Financial Analysts (CFA), and tax attorneys (Esq).
- Investment Expertise: We subscribe to a disciplined, tax-efficient and cost-effective investment approach.
- Holistic Financial Planning: Clients are profiled to learn about their values, goals, income, balance sheet, investments, insurance, and employee benefits, as well as all retirement, tax, education, and estate planning requirements.
- Integrated Cross-Border Financial Planning: We have a suite of personalized Canada-U.S. cross-border investment, financial and tax planning solutions.
- Client Service and Professionalism: Our practitioners are committed to service excellence.
OUR RECENT PUBLICATIONS
Winter 2023/2024 Tax Highlights – USA
The tax team at Cardinal Point Capital Management has put together a few highlights of what is old and what is new for taxes and compliance in the United States this winter of 2023–2024. The Tax Cuts and Jobs Act is still in play until 2026 and the lower tax rates, higher gift and estate tax exemption and complex foreign reporting are both your planning opportunities and your foreign compliance burden. The SECURE Act 2.0 offers better choices for retirement savings. Clean energy tax credits from the Inflation Reduction Act are fully available for 2023 and forward. Beneficial Ownership Reporting will start in January 2024.
Winter 2023/2024 Tax Highlights – Canada
2023 was a busy year of changes for taxation in Canada! Changes to the Alternative Minimum Tax (AMT) are substantial and will affect most taxpayers with capital gains and stock options. The tax team at Cardinal Point Capital Management has put together this letter to explain AMT at a high level and point out some other measures that warrant notice. These other measures include: the First Home Savings Account, anti-flipping rules for principal residences, the Underused Housing Tax, vacant home taxes expanded reporting for all trusts (including bare trusts), enhanced GAAR, and the Mandatory Disclosure Rules. Let’s jump in with the increased limit for withdrawals of EAP (the grant portion) from an RESP.
2024 Annual Inflation Adjustments from the IRS – Cross-Border Implications
The only constant in the world of taxes is change. The IRS recently announced the inflation adjusted numbers for 2024. Spoiler alert: All the numbers increase until 2026. For U.S. citizens living abroad and for non-U.S. persons with assets in the U.S., these changes matter. In this article, the tax team at Cardinal Point Capital Management goes over the dollar limits such as the increase in the lifetime gift and estate tax exemption to $13,610,000 and what that means for a non-resident whose estate is in multiple countries or whose inheriting spouse is not a U.S. citizen.