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Estate Planning Council of CANADA

Selected Cross Border Financial, Tax & Estate Planning Issues

  • January 11, 2024
  • 2:00 PM - 3:00 PM (EST)
  • Virtual



With the firsthand knowledge that comes from living in both countries, Terry Ritchie will discuss recent developments around financial planning issues for Canadians investing in the US and Americans living in Canada.

Among the current areas of concern that we will discuss: inflation and how it affects planning; how where you might die affects estate tax liabilities; how Americans moving to Canada need to be prepared for a more intrusive Canada Revenue Agency (CRA) than the IRS would ever be.

For Canadian snowbirds investing in the US, there will be questions around how best to own property—should it be as a trust, a corporation, jointly with a spouse? CP has a blog article specifically about this. If such a property is rented out, more considerations come into play. There are proposed changes to US estate tax regulations and filing requirements that a prudent Canadian investing in the US should be aware of.

For Americans in Canada, added US compliance rules apply even for opening Canadian bank accounts, Tax-free Savings Accounts (TFSA) and other savings plans. Regulations around these rules are in flux, requiring qualified advice. An American selling a home in Canada cannot use a foreign tax credit and may face significant capital gains tax, a very unwelcome surprise for the unprepared.  If you see yourself as one of these people and want to know more, check out the podcast here.

Terry Ritchie, is a Vice President, Private Wealth Manager. at Cardinal Point Capital Management.  Terry provides comprehensive Canada – U.S. wealth management solutions for Canadian citizens or residents living in or relocating to the U.S. or U.S. citizens or residents living in or relocating to Canada. He has been practicing in the areas of financial, investment, tax and estate planning for over 25 years. Terry also provides U.S. and Canadian tax preparation and planning services. He has consulted on behalf of individuals, major corporations, various legal and financial professionals and professional athletes throughout Canada and the U.S. Terry’s clients are generally high net worth individuals who require very unique and specialized cross-border planning advice.

Terry holds a Bachelor of Science Degree in Finance from Arizona State University. He is a Registered Financial Planner (RFP) in Canada and is enrolled to practice before the U.S. Internal Revenue Service (IRS) as an Enrolled Agent (EA). Terry is also a Trust and Estate Practitioner (TEP). Terry is active as an author, speaker and educator on international financial, tax and estate planning matters. His writings have appeared in national magazines, professional journals, internet websites and major newspapers in both Canada and the United States. He has been interviewed and featured in The Globe and Mail, The National Post, The Advisors Edge, Investment Executive, CBC Radio, CTV and The Business News Network. Terry serves on the Editorial Board of The Advisors Edge magazine and previously served on the Editorial Board for the STEP Journal in Canada. Terry is also the best-selling co-author of The Canadian in America, The Canadian Snowbird in America and The American in Canada, all published by ECW Press Canada.


Registration $30

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

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