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News & Articles

Secure Act 2.0 (5/21/2022) - There are a number of rules changes proposed by Congress that will impact retirement accounts. The changes will benefit US residents and also Canadians with IRAs and other retirement accounts. There are many ways this could be advantageous for you, possibly deferring tax or extending benefits. Cardinal Point, as the leading cross-border specialist, can show you how.
Infographic: Lifetime Capital Gains Exemption & Qualified Small Business Corporation (5/17/2022) - The Lifetime Capital Gains Exemption (LCGE) is available to all Canadian residents and Americans living in Canada as a tax deduction on the sale of a Qualified Small Business Corporation (QSBC). It is indexed to inflation, and it can be used in part. Three tests must be met to claim an LCGE, and there are complicated regulations governing each of these.
Infographic: Cross-Border Implications of Holding a 529 Plan Infographic (5/10/2022) - 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.

Press Release: Cardinal Point Wealth Management Inc. Acquires Seabank Capital Management Inc. (7/18/2013) - Cardinal Point Wealth Management, Inc. announced today that it has acquired Seabank Capital Management Inc. With the addition of Seabank Capital, Cardinal Point continues to establish itself as the leading provider of cross-border wealth management solutions for residents of Canada and the United States. Cardinal Point Wealth Management, Inc. is a Canadian-based, fee-only financial planning […]
Terry Ritchie joins the firm as Director, Cross-Border Wealth Services (5/16/2013) - Cardinal Point Wealth Management Inc. (“Cardinal Point”) is pleased to announce that Terry Ritchie has joined the firm as Director, Cross-Border Wealth Services. With a wealth management career spanning 25 years, Ritchie brings substantial experience in the areas of financial, investment, tax and estate planning. Ritchie specializes in assisting affluent individuals and families with their […]
Cardinal Point Wealth Management featured in the Wall Street Journal, “A Cross-Border Retirement Without Tax Woes” (1/11/2013) - Our own Jeff Sheldon was recently featured in a Wall Street Journal article, “A Cross-Border Retirement Without Tax Woes.” He shared the story of a couple who retired to the U.S. from Canada. While they sought sunny weather and a simpler life, when it came time to sort out their taxes and streamline their retirement […]

Americans in Canada: Investment Basics (8/20/2015) - It’s a good idea for Americans living in Canada to understand which kinds of registered investment accounts they can have without having to confront onerous taxes and paperwork. Two kinds of plans are friendliest for Americans: The Registered Retirement Savings Plan (RRSP) and the Registered Retirement Income Fund (RRIF). Effectively, U.S. citizens are simply taxed […]
Americans Selling Canadian Homes Face Tax Issues (8/13/2015) - Canadian citizens are not subject to capital gains tax when they sell their principal residences. Americans selling their homes in Canada, unfortunately, may have to pay the tax. As Terry Ritchie explains in this Globe and Mail video segment, Americans face the tax whether their home is in the United States or Canada. In most […]
Does it make financial sense to renounce your U.S. citizenship? (8/5/2015) - Americans living in Canada face tax-reporting obligations that can be burdensome—even to the point where one might consider renouncing their citizenship. Our advice is to take a step back and think it through. As Terry Ritchie explained recently in this Globe and Mail video segment, renouncing one’s citizenship not only involves administrative hurdles, but can […]

Should You Consider a Continuing Care Retirement Community? (5/10/2021) - Whether you’re planning your own retirement or helping an older relative with his or her later-life decisions, a continuing care retirement community may be a good housing option. In this blog post, we’ll take a look at the definition of continuing care, the various levels available, and other considerations to make when evaluating facilities.
Possible U.S. Tax Changes for Snowbirds (11/8/2014) - A sweeping GOP victory has led to both houses of the U.S. Congress being controlled by Republicans. American voters also chose Republican governors in a majority of states. How do these and other recent changes affect snowbirds? First, there is the so-called “snowbird visa,” which has been held up in the current Senate after passing […]
Travel Insurance Between Canada and the U.S. (9/10/2014) - Do You Need It? For our Canadian and U.S. clients, cross-border travel includes an array of possibilities, from a weekly commitment to the rare excursion. The question is: do you need travel insurance? In this article, we look at considerations that keep your best interests in mind. Many of Cardinal Point’s clients enjoy the best […]