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Cardinal Point to Join Focus as a New Partner Firm, Bringing Cross-Border Tax and Wealth Management Expertise to the Focus Partnership

Cardinal Point to Join Focus as a New Partner Firm, Bringing Cross-Border Tax and Wealth Management Expertise to the Focus Partnership
pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.

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Cardinal Point to Join Focus as a New Partner Firm, Bringing Cross-Border Tax and Wealth Management Expertise to the Focus Partnership

Cardinal Point to Join Focus as a New Partner Firm, Bringing Cross-Border Tax and Wealth Management Expertise to the Focus Partnership
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How Biden's tax proposals could affect U.S. persons in Canada

The Globe and Mail
Brenda Bouw
Published January 6, 2021
ROMAN/iStockPhoto / Getty Images
Financial advisors with clients who are U.S. persons living in Canada need to prepare them for potential tax changes under president-elect Joe Biden’s administration, which is set to take over the White House later this month.
While the likelihood of a divided Congress is expected to dampen or even diffuse some of the tax hikes proposed in the Democrat’s campaign platform, it’s a good time for American ex-pats, particularly the wealthy, to think about their holdings and restructure them as needed.
“For advisors, it’s not about predicting the future, it’s more about sitting down with a client and saying, ‘Here are some probable things that could happen,’ and figuring out how we should be thinking about them and positioning the client for the future,” says Darren Coleman, senior vice-president, private client group, and portfolio manager at Coleman W ....

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