To schedule a 15-minute introductory call, please visit www.swanwealth...
In this video, we’re going to talk about cross-border financial planning and eight tips on how you can manage your family’s cross-border wealth. As a Cross-Border Financial Advisor, I have spoken to hundreds of families and professionals planning moves across the border. I’ve seen what can go wrong when people aren’t aware of the steps they need to take to optimize their cross-border wealth.
One of the biggest mistakes I see is a lack of expert planning. Many people come to us after they’ve already made many costly mistakes. So watch to the end to ensure you don’t miss a single tip that could save you time and money!
First, if you’re currently living in the US or Canada and haven’t moved across the border, I have two action items for you today.
1) You need to get in touch with a cross-border financial advisor and schedule a call.
2) You need to find a cross-border accountant and schedule a call.
If you haven’t moved yet, speaking to these two professionals will help prevent countless mistakes.
For more detailed information about cross-border financial planning, please read SWAN’s guide: www.swanwealth...
Share this video with a friend: • Cross-Border Financial...
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Want to get clear on how to manage your 401k in Canada?
Read our guide: www.swanwealth...
Retiring from the US to Canada?
Read our guide: www.swanwealth...
Learn everything you need to know about RRSPs here:
www.swanwealth...
Planning a cross-border move from the US to Canada (or vice versa)?
Get free tips you won't find anywhere else: www.swanwealth...
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KEY TOPICS IN THIS VIDEO:
Wealth management, cross-border financial planning, financial advisor, CFP, retirement planning, moving from USA to Canada, cross-border investing, us citizen moving to Canada, Americans moving to Canada, cross-border financial planner, financial planning, moving to Canada, 401k, cross-border financial advisor, retiring to Canada, retirement, 401k Canada, RRSP, 401k to Canada, 401k in Canada, cross-border wealth management, wealth management Canada, cross border financial advisor, cross border
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Table of Contents
00:00 Introduction
00:21 Tip 1: Your First Two Critical Action Items
00:57 Tip 2: How to Avoid Double Taxation
1:50 Tip 3: Revocable Living Trusts
2:00 Tip 4: Dealing with PFICs
2:45 Tip 5: Avoiding the GILTI Tax
3:03 Tip 6: You Don't Have to Sell Your Investments
3:33 Tip 7: Know the Steps to Working with a Firm in Canada
4:12 What to Do with a 401(k)
4:20 Tax planning for non-registered taxable investment accounts.
4:40 Tip 8: Know the Cross-Border Basics even if You're a Non-US Citizens
5:45 Conclusion
This video has been prepared by and expressed the opinions of John Woodfield and Tiffany Woodfield, and are not necessarily the opinions of Raymond James Ltd. (RJL). Statistics, data and other information presented are from sources RJL believes to be reliable, but their accuracy cannot be guaranteed. This video is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Past performance is no guarantee of future results. Information provided in this video is general in nature and should not be construed as providing legal, accounting and/or tax advice. Should viewers have any specific questions and/or issues in these areas, please consult your legal, tax and/or accounting advisor. RJL is a Member of the Canadian Investor Protection Fund. Raymond James (USA) Ltd. (RJLU), is a member of FINRA/SIPC. RJL and RJLU Financial Advisors may only transact business in provinces and/or states where they are registered.]
15 авг 2024
