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As people's lifestyles and perspectives continue to become more globalized, it's important to consider certain financial factors when your wealth transitions to an international setting.
Helping manage
Helping manage
your families global interest
If you're planning on moving to Canada from the United States, Bilyk Financial can help you navigate the financial complexities of crossing borders. As experts in cross-border wealth management, our team can provide comprehensive financial advice to ensure a smooth transition for your finances. We can assist you in managing cross-border investments, transferring retirement accounts, understanding tax implications, and more. Our goal is to help you make the most of your financial opportunities while minimizing risks associated with international moves. Let us help you make a successful transition to Canada with confidence.
US Retirement Accounts
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If you're a U.S. citizen living in Canada, it's important to understand how your U.S. retirement accounts may be affected by cross-border taxation and regulatory requirements. Bilyk Financial can provide guidance on managing U.S. retirement accounts while residing in Canada, including strategies for minimizing tax liabilities and ensuring compliance with both U.S. and Canadian regulations. Our team of cross-border financial advisors can also help you navigate the complex process of transferring retirement accounts across borders and integrating them into your overall wealth management plan. Whether you're planning for retirement or already in the distribution phase, our expertise in cross-border wealth management can help you make the most of your retirement savings.
Transition of US Investments
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If you're moving to Canada from the United States, you may need to consider how to manage your U.S. investments in your new home country. Bilyk Financial can assist you in navigating the cross-border transition of your U.S. investments to Canada, including strategies for managing currency exchange rates, minimizing tax implications, and complying with regulatory requirements. Our cross-border financial advisors can also provide guidance on selecting appropriate Canadian investment vehicles, diversifying your portfolio, and ensuring a smooth transition for your overall wealth management plan. With our expertise in cross-border wealth management, you can make the most of your investments on both sides of the border.
Cross Border Estate & Legacy Planning
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If you're a U.S. citizen moving to Canada, it's important to consider how your estate and legacy planning may be affected by the move. Bilyk Financial can assist you in navigating the cross-border complexities of estate and legacy planning, including understanding the differences between U.S. and Canadian tax laws and regulatory requirements. Our cross-border financial advisors can help you create a comprehensive estate plan that considers both countries, including strategies for transferring assets across borders, minimizing tax liabilities, and ensuring compliance with regulatory requirements. We can also assist with legacy planning, including charitable giving and creating a lasting legacy for your family. With our expertise in cross-border wealth management, you can ensure that your estate and legacy planning is tailored to your unique circumstances and goals.
On-Going Cross Border Tax Planning
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Moving to Canada from the United States can have significant tax implications, and ongoing cross-border tax planning is crucial to ensure compliance with both countries' tax laws and minimize your tax liabilities. Bilyk Financial can provide guidance and assistance with ongoing cross-border tax planning strategies for U.S. citizens moving to Canada. Our cross-border financial advisors can help connect you with the right professionals to navigate the complex tax laws and regulations of both countries, including understanding the differences between U.S. and Canadian tax systems and identifying tax-efficient strategies for managing cross-border income and assets. Assisting with compliance-related tasks such as filing tax returns in both countries and ensuring that you are taking advantage of all available tax credits and deductions. With our expertise in cross-border wealth management, you can ensure that your tax planning is tailored to your unique circumstances and goals, helping you make the most of your finances in both the U.S. and Canada.
Retirement Benefits
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If you're a U.S. citizen moving to Canada, it's important to understand how your retirement benefits may be affected by the move. Bilyk Financial can provide guidance on managing your retirement benefits, including CPP, OAS, Social Security, and Medicare, as you transition to Canada. Our cross-border financial advisors can help you understand the eligibility criteria for each program, determine how much you are entitled to receive, and provide guidance on how to coordinate benefits between the U.S. and Canada. We can also help you understand the tax implications of receiving retirement benefits in both countries, and develop a retirement income plan that maximizes your benefits while minimizing your tax liabilities. With our expertise in cross-border wealth management, you can be confident that you are making informed decisions about your retirement benefits as you settle into your new home in Canada.
Managing Currency Risk
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Managing cross-border currency risk is crucial when it comes to effective cross-border wealth management. Bilyk Financial can provide guidance on managing currency risk as you navigate the transition of your wealth between the United States and Canada. Our cross-border financial advisors can help you develop a currency risk management strategy that takes into account the unique characteristics of your portfolio, including identifying the appropriate foreign exchange instruments and hedging strategies to help minimize risk exposure. We can also help you understand the tax implications of currency exchange transactions and comply with the regulatory requirements of both countries. With our expertise in cross-border wealth management, you can be confident that your currency risk management strategy is tailored to your unique circumstances and goals, helping you preserve the value of your wealth as you move it across borders.
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Cross Border Challenges
Growing your wealth and providing you ease of mind.
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of snow birds are concerned about cross board financial issues
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of US retirees who plan to move to Canada site tax planning as top concern
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of US citizens that moved to Canada cited cross border wealth management as their #1 concern
Aligned Capital Partners Inc.
Aligned Capital Partners Inc. (“ACPI”) is a full-service investment dealer and a member of the Canadian Investor Protection Fund (“CIPF”) and the Canadian Investment Regulatory Organization(“CIRO”). Investment services are provided through Bilyk Financial Investments, an approved trade name of ACPI. Only investment-related products and services are offered through ACPI/Bilyk Financial Investments and covered by CIPF. Financial planning and insurance services are provided through Bilyk Financial. Bilyk Financial is an independent company separate and distinct from ACPI/Bilyk Financial Investments.
Disclaimer
This page may contain several strategies, not all of which will apply to your particular financial circumstances. The information on this page is not intended to provide legal, tax, or insurance advice. To ensure that your circumstances have been adequately considered and that action is taken based on the latest information available, you should obtain professional advice from a qualified tax, legal, insurance, and financial advisor before acting on any of the information on this site.
