Retiring In Canada

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.

Find out what to do if you have a large, unrealized gain in a single stock and do not want to trigger capital gains taxes.