OUR STORY
Cardinal Point is an independent cross-border wealth management firm with offices in both the U.S. and Canada. We focus on providing personalized investment, estate, tax and cross-border financial planning solutions to affluent individuals and families.
OUR STORY
Cardinal Point is an independent cross-border wealth management firm with offices in both the U.S. and Canada. We focus on providing personalized investment, estate, tax and cross-border financial planning solutions to affluent individuals and families.
Our Approach
Recognizing the importance of a patient, prudent approach, we combine innovative investment skill and knowledge with conservative planning beliefs. Cardinal Point is dedicated to meeting the needs of our clients in the areas of capital preservation, tax planning, risk management, and delivery of long-term investment returns through varying economic and market cycles.
What sets us apart
We specialize in working with Canadian and U.S. residents, Canadian and American expatriates, and those immigrating to Canada and the U.S. from abroad. Our customized domestic and cross-border wealth, financial and tax planning services, as well as investment policy creation, asset allocation and portfolio management, give us the ability to oversee and advance the goals of our clients wherever they call home.
Our Commitment to You
As a client of Cardinal Point, you can enjoy the assurance that comes with having a team of experienced, multidisciplinary professionals working with you to build a comprehensive wealth plan tailored to your unique needs and focused on creating long-term value.
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OUR RECENT PUBLICATIONS
Probate Fee Planning: Understanding the Pros and Cons
There are fees or taxes associated with probate, which vary depending on the jurisdiction and can be quite high. Failing to plan carefully can result in greater tax liability and assets not being distributed among beneficiaries as intended. Fortunately, strategies to reduce those fees can have a significant impact on the distribution of wealth upon death. But while some strategies work in certain jurisdictions, they may not be applicable elsewhere. There are also special ways to reduce fees for those over the age of 65. While probate fee planning is a complex process, it’s valuable – and worthy of guidance from a qualified professional advisor.
Pension Options for the Canadian Business Owner-Managers Retirement
Planning for retirement is an important objective for owner-managers operating businesses in Canadian-controlled private corporations (CCPC). Their options include Registered Retirement Savings Plans, Canada Pension Plans, Quebec Pension Plans, or Individual Pension Plans. Generally, these are funded by the employer for the benefit of employees once they retire. They can either be funded only by the employer or may by the employer and the employee. Each plan has its own rules and timelines regarding contributions, contribution limits, and withdrawals – and there may be penalties for not adhering to the rules. Planning ahead with strategies based on your particular situation can help boost retirement savings. Learn more by reading our article devoted to this topic.
Canadian Business Owner-Manager Remuneration Planning
If you are an incorporated Canadian entrepreneur or business owner, there are two general ways to pay yourself from your corporation. You can use a salary or bonus, and that’s a deductible business expense but is fully taxable as your personal employment income. Or the company can pay a dividend that isn’t a deductible business expense but is taxed at a lower rate to you as personal income. Each option has different personal and corporate tax implications. There may also be some different tax rate advantages or disadvantages, depending on the province. Our article covers the details to provide understanding and strategic tax planning insights.