Cardinal Point Wealth Management
Your Cross-Border Financial Advisor
Terry Ritchie gives his insights and tips when dealing with foreign exchange options.
From the Globe and Mail article:
“I’m not a big fan of the banks,” said Terry Ritchie, a financial adviser who works both sides of the Canada-U.S. border. “They’re great for convenience. But if you can take the time and wait a day or two, there are better bets.”
In Part 2 of his series for the Canadian Expat Network, John McCord discusses deferred compensation arrangements and currency conversion. The article looks at how to mitigate higher tax rates and the risks of double taxation for U.S.-based deferred compensation plans that are payable to individuals who are moving to or returning to Canada. McCord also addresses different strategies for currency conversion and the management of currency risk.