When choosing a financial advisor for Canadian expats, it’s important to find someone who is a specialist in cross-border finances. This is because if you work with a non-cross-border advisor, it’s easy to fall into traps that cost you time and money. Fortunately, there are some key questions you can ask to help you find the right advisor for your situation.

What type of investments do you recommend?

Local stock markets: For expats who are based in their host country, investing in the local market can provide exposure to companies and the economy. Precious metals: Many investors choose to invest in precious metals like gold and silver to protect against currency fluctuations and economic uncertainties. Cryptocurrencies: These investments can be a good diversification tool for your portfolio, but they are very volatile and should be considered carefully.

IRA & RRSP management: When it comes to retirement planning, being a US citizen living in Canada adds more complexity. Having an advisor who knows how to manage your RRSP and IRA is essential. This is because you’ll be reporting income to two different countries with different taxation rules.

Financial planning: Creating a comprehensive plan that incorporates every aspect of your finances is important for a long and successful journey as an expat. This includes retirement planning, estate planning, investment strategies, asset allocation, tax planning and cross-border wealth transfers.

We have a team of experts who can assist you with your cross-border needs. We work with clients to minimize their taxes and optimize their financial plans when they move to a new country. Book an introductory call with one of our team members today by clicking here.

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