Cardinal Point Wealth Management

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U.S. IRAs Can Be a Taxing Issue for Canadian Beneficiaries Landing Page – Version 2

IRAs Can Be a Taxing Issue
for Canadian Beneficiaries

Download Our Ebook: IRAs Can Be a Taxing Issue for Canadian Beneficiaries

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A Canadian inheriting a U.S. IRA faces different tax implications than an inheritance in Canada would generate, namely, income tax and income withholding in the U.S. and income tax in Canada. It may be possible, though, for such a beneficiary to defer taxes in both countries by establishing an Inherited IRA account. Download our ebook below to learn more.

U.S. IRAs Can Be a Taxing Issue for Canadian Beneficiaries Infographic

About Cardinal Point Wealth Management

We specialize in assisting affluent Canadian expats, Canada-U.S. dual citizens, green card and visal holders, and snowbirds with their cross-border investment, tax, estate retirement and financial planning needs.

  • 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.