We help Canadian and American Expats, Temporary Guests and Snowbirds with assets on both sides of the U.S.-Canada border — optimally structure their investments, liabilities and retirement savings in order to reduce their tax burden and minimize fees.

9 Essential Elements of
Cross-Border Transition Planning

“How do I move my financial life to another country?” It’s a question we hear from many clients as they begin making a cross-border transition. Whether you are making the move to the U.S. or Canada, you want to transition your finances smoothly and seamlessly.

Manage Your Canada-US
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.

Now more than ever, individuals and their families are moving back and forth between Canada and U.S. for personal and professional reasons. This creates complex cross-border investment management, tax, estate and financial planning challenges that require specialized expertise to manage.

With Cardinal Point, clients receive a personalized, integrated investment and financial planning solution that includes:

  • Management of Canadian and U.S. client assets under an integrated platform
  • Advice on specific assets that should transfer to the U.S. or remain in Canada
  • Retirement planning and advice on retirement benefits such as CPP, OAS, Social Security and Medicare
  • Holistic advice on cross-border financial and estate planning
  • Creation of a cross-border transition and exit strategy between Canada and the U.S.
  • Assistance with cross-border tax filings, foreign-based account disclosures (FBAR, FATCA) and navigating the U.S.-Canada Tax Treaty
  • Assistance on cross-border asset transfers and currency conversions
  • Canadian stock option and company bonus plan advice
  • Guidance on real estate and businesses located cross-border
  • Collaboration with other professional advisors to ensure the various components of the cross-border plan are fully integrated and coordinated
  • Health, life, disability, long-term care, business and property insurance review

Why Work with a Cross-Border Advisor?

Those that have done their research know that it is difficult to locate an advisor who is legally licensed or authorized to provide financial advice on both sides of the US-Canada border. This is because few firms comply with applicable regulations or have the appropriate structure.

The overwhelming majority of Canadian advisors are solely authorized to provide advice on Canadian investment accounts or to a Canadian domiciled client. The same is applicable for U.S.-based advisors. That’s where Cardinal Point Wealth Management is different, as we have the ability to centrally manage all of your accounts on both side of the border (under one roof).

If you have assets and file tax returns on both sides of the border, you need to fully understand the difference between working with an unqualified and cross-border advisor, which is why we’ve put together an explainer video to help you do just that.

Americans Living in Canada

As an American residing in Canada, it’s important to make sure your financial affairs are structured properly to avoid double taxation issues and ensure compliance with the laws of both countries.

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.

Expatriates Living Abroad

For those Canadians and Americans moving or living abroad, careful cross-border financial planning considerations must be given to ensure tax and regulatory compliance in both your home and adopted countries.