Temporary and permanent cross-border movements increase not only your tax complexity but also the complexity of your investment management and financial planning. Poorly managed cross-border relocation can result in a disjointed financial plan, which can result in increased taxation, poor estate planning, enhanced risk and additional reporting.
To help clients avoid the financial pitfalls of moving across the border, Gedeon CPA & Law has partnered with the cross-border financial advisory firm, Cardinal Point Wealth Management, to deliver joint cross-border financial management services to Canadian and U.S. clients.
Cardinal Point is one of only a few cross-border financial advisors licensed to provide both Canadian and U.S. investment management and financial planning services on both sides of the border.The overwhelming majority of Canadian advisors are solely authorized to provide advice on Canadian investment accounts or to a Canadian domiciled client. The same is applicable in reverse for U.S.-based advisors.
With offices in Toronto, Ontario; Boca Raton, Florida; and Irvine, California, Cardinal Point legally provides Canadian and U.S. investment management and financial planning services that streamlines cross-border finances and enables clients to focus on their families, professions, and life goals.
Together, Gedeon Law & CPA and Cardinal Point offer a comprehensive resource for clients dealing with such issues as:
- Ensuring financial accounts are properly tax managed on both sides of the border to complement cross-border planning initiatives.
- The creation of a cross-border transition and exit strategy between the United States and Canada
- The creation of an estate plan that incorporates financial interests in both countries
There is no “one size fits all” cross-border financial planning and investment strategy. Therefore, it is important to partner with a qualified team of tax, legal and investment professionals who specialize in Canadian and United States cross-border transitioning and asset management.
Please contact our office or Cardinal Point Wealth Management to review your unique situation.
