Are you a Canadian Expat
Living in Arizona?
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.
Canada-U.S. Cross-Border Financial Planning
We specialize 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.
Infographic: 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. Cardinal Point’s cross-border specialists are well positioned to guide you through the rules, procedures, and reporting requirements governing this option.
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 Grand Canyon State
Arizona’s year round sunshine is more abundant than almost any other area in North America. But Canadians flock to the Grand Canyon State for more than just clear skies and warm winters. Arizona also ranks as a tax friendly state with low personal income and sales tax rates and no inheritance, gift or estate taxes. Whether you’re a making the cross-border transition to Arizona for work or retirement, the move can pose some complex financial challenges. If you’re a Canadian expat residing in Arizona, it’s important to partner with a firm that has extensive U.S.-Canada cross-border knowledge and a comprehensive platform tailored to your specific situation. Cardinal Point is a Canada-U.S. wealth management firm that specializes in working with Canadians living in Arizona.
Need Help Managing Your Cross Border Lifestyle?
Now more than ever, individuals and their families are moving back and forth between Canada and Arizona 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. investment accounts 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.
- Tax preparation, foreign-based account disclosures and navigating the U.S.-Canada Tax Treaty
- Assistance on cross-border asset transfers and currency conversions
- Canadian and U.S. stock option and company bonus plan advice
- Guidance on real estate and businesses located cross-border
- Health, life, disability, long-term care, business and property insurance review
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.