Americans in Canada
Enjoy your next adventure and let us guide you through this transition, because we specialize in protecting your assets.
Stephen Bishop & Associates is part of the Raymond James family of companies, including Raymond James (USA) Ltd., a Canadian-based U.S. registered investment firm offering specialized cross-border advice. We are licensed and regulated in both Canada and the US, making us uniquely positioned to serve cross-border clients in a way that other wealth management firms cannot.
The transition of moving and ensuring your financial affairs are properly structured can be overwhelming, but with the right help, cross-border complexities can be simplified. American citizens moving to Canada, or Canadians coming home after working in the United States, are often surprised to learn their investments must be registered with financial institutions in the country in which they live.
That means, for example, that IRAs owned by Canadian residents can only be managed by US-registered firms operating in Canada. Raymond James (USA) Ltd. is such a brokerage firm. Failure to register US investments with a qualified Canadian-based firm may result in a forced closure of your US accounts, with associated tax or early withdrawal penalties.
Our specially-qualified cross-border team is dedicated to making your transition smooth by explaining the process that can seem overwhelming, structuring a plan for your wealth management, and ongoing management to maximize after-tax returns, as well as saving you from any pitfalls that can occur when moving assets between Canada and the US.
Among the Accounts We Manage for Clients are:
- IRAs for Americans living in Canada
- Non-registered investments for Americans living in Canada
- Investment accounts for US-resident children of Canadian-resident parents
- Portfolio management in both currencies
To learn about our cross-border specialty, click here to book a consultation with us.
