Cross Border Clients

Cross-Border Clients

We help Americans and Canadians who find themselves in the unique situation of having investment accounts on both sides of the border. Whether you are a Canadian resident moving to the US, an American living in Canada, or a US resident who expects to inherit Canadian dollars, we can help.

Returning to Canada after living in the USA involves more than just packing boxes – it can be stressful, and requires careful cross-border financial planning. If you don't act quickly, you could face significant tax implications. Our experienced team can assist you in navigating these complexities, ensuring a smooth repatriation process. We'll work with you to develop a unified wealth management plan that addresses your specific needs and goals, helping you make a seamless transition back to life in Canada, including:

  • Proactive Support: Receive a pre-return consultation focused on understanding tax implications and a short and medium-term action plan for your move
  • Unified Asset Management: Our team is licensed in both Canada and the US, ensuring we can manage your IRA, 401(k), or RRSP regardless of where you reside
  • Comprehensive Financial Planning: We streamline your financial plan, considering assets and pensions on both sides of the border
  • Optimal Solutions: While transferring an IRA or 401(k) to an RRSP is possible, it's not always the best solution. We can guide you on maximizing benefits by keeping your IRA intact, allowing for multiple beneficiaries and extended tax benefits without the complexities of transferring funds
  • Round the Clock Support: Retirement benefit guidance (CPP, social security, medicare), we provide tailored solutions to minimize tax burdens and optimize long-term investment strategies

 

Ready to make your move? Don’t wait until you encounter obstacles or challenges. Book a call with us today.

  • Canadians tend to move to the United States to try to escape the cold or to follow an employment opportunity. When they do, they can find themselves in the unfortunate situation of being 'orphaned' by their existing Canadian based investment advisor as most Canadian investment advisory firms are not properly registered to do business with Canadians in the United States.

  • An American living in Canada can end up in the unfortunate situation of being 'orphaned' by their existing U.S. based advisor as most U.S. broker dealer and investment advisory firms are not properly registered to do business in Canada.

  • Inheriting money from a Canadian relative? The weakness in the Canadian dollar versus the U.S. dollar can mean you will be in the unfortunate situation of receiving 15–25% less than you thought your inheritance would be. We can assist you by creating a disciplined investment strategy in Canadian dollars, and when there is a better time or a particular need for U.S. dollars, we can handle the foreign exchange conversion for you.

We are licensed and regulated in both Canada and the U.S., and work closely with clients to translate their personal needs into a strategy for their cross-border accounts. We can also advise clients on cross-border issues such as PFIC rules, IRA and 401(k) rollovers and we maintain professional networks to assist with planning, taxation and legal services.