CardinalPointWealth,ULC @CardinalPointWM

Thinking of going electric? Time is running out! The Clean Energy and Vehicle Credits introduced under the Inflation Reduction Act are being phased out by the new One Big Beautiful Bill Act (OBBBA). Clean Vehicle Credits for new, used, and commercial EVs cardinalpointwealth.com/2025/08/26/cle…

Canadian donors can take real credit for their generosity. This guide explains how the federal and provincial non-refundable donation tax credits work in 2025, why credits differ from deductions, and how tiered rates apply: 15% on the first $200, then 29%— cardinalpointwealth.com/2025/08/22/cha…

Smart charitable giving just got a refresh. Cardinal Point breaks down five tax-savvy ways to deduct donations under new OBBBA rules: (1) the revived above-the-line cash deduction with the standard deduction (up to $2,000 MFJ/$1,000 others from 2026); (2) cardinalpointwealth.com/2025/08/19/cha…

Cryptocurrency has emerged as a dominant asset class, but for Canadians and Americans with cross-border ties, digital wealth adds layers of tax and reporting complexity. From Bitcoin surpassing $110K USD to new enforcement tactics by the CRA and IRS, the r cardinalpointwealth.com/2025/07/29/cro…

Thousands of Canadians invest in U.S. real estate each year, drawn by warm climates, strong rental markets, and long-term lifestyle goals. But what often gets overlooked are the complex tax, estate, and legal implications of cross-border property ownership cardinalpointwealth.com/2025/07/25/sou…

Many Canadians own U.S.-situs assets—like a Florida condo or U.S. stocks—but few realize how these holdings can trigger U.S. estate tax at death. Without proper planning, families may face costly tax exposure, frozen assets, and long delays in settling the cardinalpointwealth.com/2025/07/22/cro…

Leaving assets across borders? When Canadian estates include U.S. beneficiaries, the tax landscape becomes complex. What seems like a simple inheritance can trigger unintended U.S. tax exposure, from mismatched cost bases to PFIC and CFC reporting requirem cardinalpointwealth.com/2025/07/18/cro…

Many Canadian families are surprised to discover how a U.S. connection—whether through birth, parentage, or a passport—can reshape their entire financial landscape. For Canadian couples with a U.S. citizen spouse, cross-border wealth planning is anything b cardinalpointwealth.com/2025/07/15/nav…

Thinking of moving to Canada from the U.S.? Don’t overlook the strategic benefits of a Roth conversion before establishing Canadian tax residency. Converting your traditional IRA or 401(k) to a Roth IRA while still a U.S. resident could help you lock in lo cardinalpointwealth.com/2025/07/11/mak…

High-income Canadian professionals and business owners often face one of their biggest challenges in managing tax exposure. In our latest guide, Cardinal Point outlines a real-world, integrated approach to minimizing tax drag and accelerating long-term wea cardinalpointwealth.com/2025/07/02/a-p…

Welcoming a new child is a joyous milestone—but it also signals a time to reassess your financial roadmap. Whether you’re in Canada or the U.S., there are strategic accounts to open early, such as RESPs, 529 plans, and custodial accounts like ITFs and UTMA cardinalpointwealth.com/2025/06/30/wel…

If you're a Canadian resident with U.S. IRA assets, there's a powerful strategy to enhance your giving and reduce taxes: Qualified Charitable Distributions (QCDs). By donating directly from your IRA to eligible charities, you can bypass U.S. income tax and cardinalpointwealth.com/2025/07/08/unl…

Major U.S. tax reform is here. On July 4, 2025, the Big Beautiful Bill reshaped the cross-border financial landscape for Canadian and U.S. taxpayers. Whether you’re a U.S. citizen living in Canada, a Canadian with U.S. assets, or a business owner operating cardinalpointwealth.com/2025/07/04/cro…

Navigating taxes when life or business spans the 49th parallel is more than counting days—it’s mastering domicile, residency, and timing. Whether you’re a Canadian entrepreneur eyeing a Florida exit, a U.S. executive planting roots in Vancouver, or a trust cardinalpointwealth.com/2025/06/25/cro…

The controversial Section 899—branded the “revenge tax”—is back in the spotlight. Initially targeting foreign investors from countries with so-called “unfair taxes” on U.S. multinationals, the provision threatened to override Canada-U.S. tax treaty benefit cardinalpointwealth.com/2025/06/27/upd…

Estate planning isn’t just for billionaires. If your family owns a Florida condo, Canadian RRSPs, or a U.S. IRA—yet still sits comfortably under the $13 million U.S. estate-tax threshold—cross-border gaps can still drain assets and derail inheritances. Our cardinalpointwealth.com/2025/06/20/est…

Your heir’s move from Toronto to Texas sounds like a simple career leap, but it can detonate unexpected taxes on private-company shares, dividends, and future inheritances. Our latest guide unpacks Canada’s departure tax, U.S. withholding on dividends, and cardinalpointwealth.com/2025/06/18/cro…

With the U.S. estate, gift, and GST exemptions scheduled to halve on January 1, 2026, affluent families straddling Canada and the United States face a once-in-a-generation decision point. Acting in 2025 can move millions out of taxable estates, yet the rea cardinalpointwealth.com/2025/06/13/adv…

More Canadian millionaires are considering moving abroad, driven by concerns over quality of life, economic uncertainty, and rising taxes. A new survey shows a 28% increase in the number of high-net-worth Canadians exploring emigration compared to the last cardinalpointwealth.com/2025/06/05/fea…

High-net-worth Canadians with U.S. investments—stocks, real estate, or retirement accounts—could soon face steep tax hikes under proposed U.S. legislation: Section 899. This retaliatory measure targets countries like Canada for imposing taxes on U.S. multi cardinalpointwealth.com/2025/06/02/sec…