Search Results for: estate planning

Moving to Canada from the U.S.

Moving to Canada from the United States requires investment and financial planning oversight. With Cardinal Point, clients receive the following services:

Canada-U.S. cross-border financial and retirement planning
Canada and U.S. tax preparation
Advice on specific assets that should transfer to Canada or remain in the United States
Selection and transition of specific U.S. investment accounts to Canada
Canadian investment and retirement account creation
Coordinated investment management services for U.S. and Canadian accounts
Advice on U.S. retirement distribution strategies while residing in Canada
Incorporated exit strategy to prevent residency questions or issues
Holistic advice on cross-border financial and estate planning
Assistance with cross-border tax planning strategies, including annual foreign account disclosure filings
“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
U.S. stock option and company bonus plan advice before exiting the United States
Residential and commercial real estate advice
Assistance with the facilitation of exit tax returns
Health, life, disability, long-term care, business and property insurance review
Guidance on the unique economic and regulatory environment in Canada

Canadians Living in the U.S.

Canadians living in the United States require investment and financial planning oversight. With Cardinal Point, clients receive the following services:

Coordinated investment management services for U.S. and Canadian accounts
Advice on specific assets that should transfer to the United States or remain in Canada
Advice on Canadian retirement account distribution strategies while residing in the United States
Holistic advice on cross-border financial and estate planning
Incorporated U.S. gift and estate strategies within the financial plan
Assistance with cross-border tax planning strategies, including annual foreign account disclosure filings
“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
U.S. stock option and company bonus plan advice
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
Canada and U.S. tax preparation

Moving to the U.S. from Canada

Moving to the United States from Canada requires investment and financial planning oversight. With Cardinal Point, clients receive the following services:

Advice on specific assets that should transfer to the United States or remain in Canada
Selection and transition of specific Canadian investment accounts to the United States
U.S. investment and retirement account creation
Coordinated investment management services for U.S. and Canadian accounts
Advice on Canadian retirement distribution strategies while residing in the United States
Incorporated exit strategy to prevent residency questions or issues
Holistic advice on cross-border financial and estate planning
Incorporation of U.S. gift and estate strategies within the financial plan
Assistance with cross-border tax planning strategies, including annual foreign account disclosure filings
“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
Canadian stock option and company bonus plan advice before exiting Canada
Residential and commercial real estate advice
Assistance with the preparation of exit tax returns
Health, life, disability, long-term care, business and property insurance review
Guidance on the unique economic and regulatory environment in the United States
Canada and U.S. tax preparation

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.
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

cross border financial planning U.S. Elections

How the U.S. Election Affects Cross-Border Clients: Insights from Kris Rossignoli

In the wake of the U.S. presidential election, cross-border tax, and financial planner Kris Rossignoli shares critical insights into the evolving financial landscape for individuals navigating U.S.-Canada tax complexities. With potential extensions to the 2017 U.S. tax cuts under President-elect Donald Trump, Rossignoli notes significant considerations for cross-border clients, particularly around lifetime gift tax exemptions [...]

Video: Politics and Your Financial Plan Website

In the engaging "Politics and Your Financial Plan" webinar hosted by Cardinal Point Wealth Management, viewers gain essential insights into the interplay between current economic trends and political developments, and how these factors shape investment strategies. Moderated by Matt Carvalho, Chief Investment Officer, the session features financial experts Terry Ritchie, Vice President & Private Wealth [...]

Estate Planning – The Other Side

Estate Planning: Why signed legal documents are not enough. The Challenge Often when a loved one becomes incapacitated or dies, there are two tragedies. The first one is obvious. The second one isn’t: it’s incomplete estate planning. Many tragedies in estate planning stem from one hard truth: a set of signed legal documents is NOT [...]

RISK TOLERANCE & CAPACITY

Cardinal Point provides personally tailored investment management services for clients with U.S. and Canadian investment accounts. Investment strategies are customized to our clients’ risk tolerance and goals and then we work to fully integrate them into their tax, financial and estate planning initiatives.

Let’s Talk

RISK TOLERANCE & CAPACITY

Cardinal Point provides personally tailored investment management services for clients with U.S. and Canadian investment accounts. Investment strategies are customized to our clients’ risk tolerance and goals and then we work to fully integrate them into their tax, financial and estate planning initiatives.

Let’s Talk

All of us have lifestyle goals and aspirations. Perhaps they are as simple as ensuring a certain standard of living in retirement or as complex as planning for multiple generations spread across multiple countries with specific mandates. One baseline goal for many investors is to maintain their purchasing power over time, growing their assets faster than the rate of inflation. In order to do so, investors need to take on some level of risk. As shown on the chart below, stocks over the long run do a much better job at this than bonds, which only marginally outperform inflation.

Determining the right amount of stocks and bonds for your situation is a comprehensive task, involving multiple conversations with Cardinal Point professionals in combination with an industry leading risk profile questionnaire.

There are two main considerations needed for this decision: your risk capacity and your risk tolerance. Finding the balance that will both help you reach your goals and allow you to sleep peacefully at night is an important task.

Growth of a Dollar

1926-2018

Risk Capacity

Your risk capacity encompasses the constraints put on the portfolio, namely the time horizon and liquidity needs expected for the assets. For example, the need for a 15% withdraw for a home purchase in 3 years or entering retirement and supporting a 4% withdraw rate each year may necessitate that a meaningful portion of the account be held in somewhat lower volatility investments. Alternatively, higher or lower volatility in your income and job stability can have ramifications for what types of investments may make the most sense for your portfolio.

Risk tolerance

A perfectly designed portfolio that you can’t stick with through the down periods is not going to be helpful in reaching your goals. That’s where risk tolerance comes into play. Your risk tolerance has to do with your relationship with risk. Do you view a riskier investment as having the potential for higher returns, or does the idea of a holding dropping 40% in value make you queasy? Do you prefer a job where most of your income was from a steady salary or do you prefer potentially higher pay from a commission style compensation package? Higher allocations to stocks will have higher expected returns but come with considerable volatility. Bonds historically have had lower rates of return, but also much lower risk.