Cross-Border Financial Advisor

If you're an American resident moving to Canada, you need to know which investments you can move over easily and which you cannot. We offer a pre-move consultation and work with a network of cross-border professionals, so you know ahead of your move what to expect and how to avoid mistakes.

As a Canadian resident moving to the US, you may be wondering if you can keep your RRSP and other investment accounts when you cross the border. We can help you determine how to manage these accounts and the best way to make the financial transition to the US.

If you are a professional relocating, the first question is often whether the move makes sense financially. You might be wondering if there will be a major taxable event when you move across the border. Cross-border financial planning helps to alleviate this stress. You'll also want to understand what to do with your 401(k), IRA, and other brokerage accounts to avoid double taxation and stay on track to reach your goals.

If you have lived and worked in the US for a few years but are planning a move to Canada, you'll need to manage your 401(k) or 403(b). We've advised several clients who went to university and then worked in the US. They later became permanent residents of Canada and wanted to ensure the assets they built in the US were well managed.

If you're a person who resides in Canada and crosses the border for work, you could benefit from working with a cross-border financial advisor. You're not a green-card holder, but you have an H-1B visa. You'll want to ensure your retirement accounts are managed appropriately. You may have accumulated assets in a retirement account, such as a 401(k) or 403(b). If you work with a dual-licensed advisor, you will not have to collapse your US accounts. You can allow those investments to continue to grow.

As a US citizen living in Canada, you may fall into traps investing in the wrong things that cause headaches at tax time and additional costs. You also may have kept accounts in the US as you didn't know what to do with them when you moved. We can help simplify your situation so you aren't trying to manage accounts in two different places, and we can guide you on where to draw money. In addition, we provide all the taxable income and trades on the IRS 1099 tax receipts. These receipts make tax preparation easier. The accountant can use our USD converted 1099 tax receipts for the US tax return and the Canadian T-slips for the Canadian tax return.

Although Canada's taxes are based on residency, a cross-border financial advisor can help manage your RRSP as well as your US-based assets to make sure they complement each other.

You have to report worldwide income as a US person, regardless of where you reside. Even an individual who has distant plans of moving to Canada would benefit from the specialized knowledge of a cross-border financial advisor.

Working with a cross-border team helps you understand how pensions may impact each other and they can answer questions around the timing of payments.

An individual who resides in the US and inherits money from a relative in Canada in Canadian currency would benefit from the counsel of a cross-border financial advisor. That's because a cross-border firm offers a dual-currency platform and can hold retirement accounts in Canada and the US.

An individual who resides in Canada and has inherited money/assets from a relative in the US in US currency should work with a cross-border advisor. A dual-currency platform means you can keep the money in either currency, no matter where you live.