Cardinal Point Wealth Management, ULC

Trump Accounts are now live, giving eligible U.S. children a new tax-advantaged savings option and, in some cases, a one-time $1,000 federal contribution. But for families with ties to both Canada and the United States, the planning considerations are more complex.

While recent U.S. guidance has clarified eligibility, contributions, gift tax treatment, and future Roth conversion opportunities, Canadian tax treatment remains unresolved. The CRA has not yet provided guidance on whether Trump Accounts will receive retirement-account treatment or be considered taxable foreign investment accounts.

For cross-border families, eligibility alone does not necessarily mean contributing is the right strategy. Understanding the potential tax, reporting, and residency implications on both sides of the border is essential before funding an account.

Learn what families should consider as Trump Accounts become part of the cross-border planning landscape.

A cross-border move from Miami to Toronto involves far more than changing addresses. For affluent families with financial ties to both Canada and the United States, relocation can affect tax residency, investments, retirement accounts, estate structures, currency exposure, and long-term wealth planning.

In this case study, Cardinal Point’s integrated Family Office team helped a family prepare for Canadian residency while maintaining ongoing U.S. tax compliance. Through coordinated pre- and post-move tax modeling, investment restructuring, retirement planning, trust and estate analysis, and philanthropic planning, the family was able to approach its transition with a clear, integrated strategy.

The case demonstrates why major cross-border moves benefit from proactive planning. When tax, investment, retirement, and estate decisions are considered together, families can better understand the implications of relocation and align their financial structure with their long-term goals.

Not all Canada-U.S. cross-border advisory firms offer the same capabilities. For individuals and families whose financial lives span both countries, effective planning requires more than occasional cross-border experience. It requires a coordinated approach to investments, tax, retirement, estate planning, and wealth management.

A true cross-border advisory firm combines the right platform, multidisciplinary expertise, and specialized focus to help clients navigate the complexities of two financial systems. From managing assets in both countries to integrating tax considerations with investment and financial planning decisions, coordination can help reduce complexity and avoid unintended consequences.

Learn what distinguishes a purpose-built cross-border advisory firm and the questions families should consider when choosing an advisor for their financial life on both sides of the border.

When a Canadian business owner dies owning shares of a private corporation, their estate may face an unexpected challenge: double taxation. Without proper planning, the same corporate value can be taxed on the owner's final tax return and again when corporate assets are distributed to beneficiaries.

Our latest article explores post-mortem tax planning strategies—including estate capital loss carrybacks, pipeline transactions, and hybrid approaches—that may help reduce unnecessary tax while supporting broader estate, succession, and wealth transfer objectives. It also highlights the importance of coordinating tax planning with corporate-owned life insurance, estate administration, and business continuity.

Because many of these strategies depend on strict timing rules and complex tax elections, proactive planning is essential. Learn how an integrated approach can help preserve more wealth for future generations.



https://cardinalpointwealth.com/2026/07/23/post-mortem-tax-planning-for-canadian-business-owners/

Canadians moving to the U.S. often focus on immigration and logistics, but overlooking Canadian real estate tax rules can lead to costly surprises. Whether you plan to sell your home, convert it into a rental, or move back to Canada later, decisions involving your property may trigger deemed disposition rules, affect your principal residence exemption, or require change-of-use elections under Canada's Income Tax Act. Understanding how these rules interact with U.S. tax obligations is essential for preserving available tax benefits and avoiding unnecessary liabilities. Learn how proactive cross-border planning can help you make informed real estate decisions that support your long-term financial goals before and after your move.

Thinking about moving to Canada? While lifestyle and location matter, so do taxes, retirement accounts, healthcare, and cross-border financial planning. This article explores six Canadian cities attracting Americans and serves as a reminder that a successful move involves much more than choosing a destination.

Considering a move from the U.S. to Canada? Cardinal Point helps individuals and families navigate the tax, investment, and financial planning considerations that come with cross-border living.

6 Popular Canadian Cities American Expats Are Flocking To - Islands Americans looking to move out of the U.S. while staying close to home often look north to Canada, and these cities are popular choices.

Moving manufacturing to the U.S. involves far more than tariffs. Kris Rossignoli shares why cross-border tax, business, and estate planning are critical before expanding south.⁣
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To read more, please visit us at www.cardinalpointwealth.com/news
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Converting a primary residence into a rental property can be an effective financial strategy, but for cross-border families, it also introduces important tax planning considerations. The timing of a conversion, future sale plans, residency status, and differences between U.S. and Canadian tax rules can all influence the long-term financial outcome.

U.S. homeowners may have opportunities to preserve the Section 121 home sale exclusion, claim rental-related deductions, or potentially qualify for a future Section 1031 exchange. Canadian homeowners may benefit from a subsection 45(2) election to defer a deemed disposition and preserve valuable principal residence treatment. However, rental withholding rules, reporting obligations, and differing tax basis calculations can quickly add complexity.

Careful planning before converting a home into a rental can help preserve tax benefits, improve cash flow, and avoid costly surprises. An integrated cross-border strategy ensures real estate decisions support your broader financial, tax, and estate planning goals.

As the NHL Draft introduces the next generation of professional hockey players to the spotlight, many will also face a new challenge: managing significant wealth and the financial decisions that come with it. From protecting future earning potential to avoiding common investment pitfalls, a strong financial plan can help set the foundation for long-term success.

In this interview with "The Globe and Mail" Matthew Bacchiochi, Senior Portfolio Manager and President of Cardinal Point Athlete Advisors, shares his perspective on the financial risks facing young athletes and explains why planning, discipline, and financial literacy are essential throughout a professional career.

Ahead of NHL draft, athlete advisor talks HNW planning, insurance needs and the perils of gambling Ahead of NHL draft, athlete advisor talks HNW planning, insurance needs and the perils of gambling- Cardinal Point Wealth Management