Cross-Border Financial Planning

Are you looking for a cross-border tax advisor who can help you plan your finances as you embark on a move between Canada and the United States? This post covers ten firms that offer cross-border tax advisory services and explains how a tax advisor's role differs from a cross-border accountant's role.

Are you looking for the top cross-border accountant in Canada and the United States? While there isn't one cross-border accountant who is better than everyone else, this list will help you identify which cross-border accounting services you need and which firms to contact.

There is no single best cross-border wealth management firm for Canada-US wealth management. The right firm is the one whose wealth advisors you trust with your long-term goals and your money.

If you're moving across the border and have substantial assets, you likely need a cross-border financial advisor. Cross-border financial advisors help individuals and families manage wealth across Canadian and US borders. They address the complex tax, investment, and regulatory challenges that come up when your financial life spans two countries.

In Canada, there is no set cost structure for financial advisors. The most common structure is an assets-under-management fee (AUM). Advisory firms often charge a percentage that may be flat or tiered, and as a client’s assets increase, the overall percentage often decreases.

As an American living in Canada, it's important that you seek the guidance of a cross-border accountant and a cross-border advisor. This post will provide you with some general information on U.S. taxes in Canada, but it’s no substitute for working with a professional.

Protecting your wealth and having strong cross-border investment management is so important when you plan to move across the border or have ties to both the US and Canada.

In Canada, investors can use Tax-Free Savings Accounts (TFSAs) to avoid tax on stock gains, making it the best vehicle for high-growth investments. They can also use Registered Retirement Savings Plans (RRSPs) to defer tax until withdrawal, offset gains with capital losses, and donate appreciated shares to reduce tax.

As a US citizen, it’s common to get frustrated when you try to find information on what to do with your 401k.

You’re planning a move to Canada or you’ve already moved, and you’re wondering if you can move a 401(k) or IRA to an RRSP and what the tax implications might be.

When it comes to FBAR filing requirements and reporting, it can get complicated. So choosing to work with a cross-border accountant will likely be your best option.

A PFIC is a passive foreign investment company. If a non-US company satisfies either of the tests below, it is considered a PFIC.

In Canada, we do not have a Roth IRA. The most similar investment vehicle is the TFSA, which stands for tax-free savings account.

Google has made it much easier to find a financial advisor these days. And if an advisor has a robust website, you can get to know a financial advisor before meeting them. I always recommend digging around on a financial advisor's website.

Moving your 401(k) to Canada without proper advice or planning can mean a significant tax bill.

Investments, trusts, taxes, and estate planning all work differently in Canada, so it’s essential to be prepared.

When you live in Canada and take money out of your 401(k), the US will withhold money to pay your US taxes.

Financial planning for ultra-high-net-worth individuals involves strategies designed to maximize investment returns while minimizing taxes and protecting assets.

If you're planning on leaving the US to live in another country, then you've probably heard about the US Exit Tax.

Canadians who pay foreign taxes can generally claim a credit for taxes paid on employment, business, and investment income.