Are You a Canadian Expat
Living in Texas?
Structure your Canadian and U.S. financial assets to maximize growth and minimize tax all within the context of an integrated cross-border estate plan.
Your Canada-U.S. Cross-Border Financial Team
Cardinal Point is a Canada-U.S. cross-border wealth management firm that specializes in assisting affluent Canadian expats, Canada-U.S. dual citizens, Green Card and visa holders, and snowbirds with their cross-border investment, tax, estate, retirement and financial planning needs.
Ebook: U.S. IRAs Can Be a Taxing Issue for Canadian Beneficiaries
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 to learn more.
Complimentary White Paper: Manage Your Canada-U.S. Cross-Border Lifestyle
Whether you are transitioning residency between Canada and the U.S. or you have already made the move, it is important to understand the benefits of a cross-border financial plan. Learn how Cardinal Point can help when holding investment assets or financial interests in the U.S. or Canada.
Life in the Lone Star State
Texas is known as a land of independent spirit, hard work and opportunity. Booming with some of the fastest-growing cities in America, it attracts businesses from all over the world, especially in the fields of oil and gas, energy and technology. Increasingly, Canadian scientists, engineers and those in high tech are either recruited to work in Texas or are transferred down from their organization’s Canadian divisions. Others—Canadian academics, researchers and entrepreneurs—also choose Texas as their U.S. hub because of its friendly business environment. While the business opportunities in Texas can be financially rewarding, relocating to the U.S. without updating your investment, tax, financial and estate plan can often lead to taxation and compliance issues.
Need Help Managing Your Cross Border Lifestyle?
Cardinal Point specializes in assisting professionals and small business owners with their move to the U.S. and then continues to manage their ongoing cross-border investment and financial planning needs. For those individuals who have already made the move to Texas, Cardinal Point can help oversee their cross-border investment, tax and financial planning activities going forward. When these small business owners or professionals retire or leave their jobs, many decide to return to Canada and we can help assist them with a successful financial transition back home. With Cardinal Point, clients receive a personalized, integrated investment and financial planning solution that includes:
- Management of Canadian and U.S. investment accounts under an integrated investment strategy where portfolios are customized to the client’s risk tolerance, goals, income needs, Texas residency and income tax bracket.
- Cross-border financial, retirement and estate planning analysis and recommendations
- Cash-flow and retirement planning and advice on retirement benefits such as CPP, OAS, Social Security and Medicare
- Tax planning and preparation, foreign-based account disclosures and navigating the U.S.-Canada Tax Treaty
- Canadian and U.S. stock option, RSU and company bonus plan advice
- Health, life, disability, long-term care, business and property insurance review
- Immigration advice
- Guidance on cross-border real estate and businesses ventures
Anyone who has tried to find an advisor who is legally licensed or authorized to provide financial advice on both sides of the U.S.-Canada border knows how difficult that search can be. Few firms comply with applicable regulations or have the appropriate structure in place. And those that do rarely have a qualified team dedicated exclusively to Canada-U.S. cross-border financial planning issues. At Cardinal Point, we are different. We have developed a service model and platform that is specifically designed to meet the needs of Canadians living in the United States, U.S. citizens living in Canada, Canada-U.S. dual citizens, and American and Canadian expatriates living abroad. Because we specialize in these areas, we have the ability to oversee all of your Canada-U.S. cross-border financial planning complexities.
Canadians Living in the U.S.
Whether you are transitioning residency between Canada and U.S. or you have already made the move but continue to hold investment assets or financial interests in both Canada and the United States, proper cross-border financial planning can integrate and coordinate the asset management of your investments, reduce taxes and maximize your estate.
Our tax planning initiatives are fully integrated with our clients’ investment, financial and estate planning strategies. This coordinated approach to wealth management streamlines the financial planning process and helps our clients ensure lasting wealth for today, tomorrow and generations to come.
Goal based investing is a key tenet of our belief system. Instead of promoting performance chasing strategies, we believe strongly in a disciplined, customized portfolio design process focused on client objectives, targeted returns, and a strict adherence to client risk tolerances.