Cross border services for Americans living in Canada
If you are moving to Canada from the United States or are already a Canada resident, we can help you manage your cross-border investment assets including your 401(k), IRA and other U.S.-based accounts.
We are experienced in helping clients manage their cross-border finances in alignment with their long-term goals.
Simplify your cross-border investments
Frequently Asked Questions
Can Marnoa Private Wealth manage both my Canadian and U.S. investments?
Yes. We are dually licensed to work with U.S. and Canada based clients and investment assets.
Is there such a thing as a 401(k) in Canada?
No. The equivalent to a 401(k) plan in Canada is a Registered Retirement Savings Plan (RRSP). You cannot “roll over” 401(k) and IRA accounts into RRSPs without first collapsing the account and taking potentially high taxes and penalties.
My financial advisor or investment manager said they can no longer manage my accounts. What do I need to do?
If you’re an American living in Canada, most U.S. brokerage firms cannot hold your 401(k)s in Canada or IRAs in Canada. But Marnoa Private Wealth can manage your 401(k), IRA and other U.S.-based accounts.
We can help you maintain 401(k)s and IRAs in Canada, so you won’t have to collapse or liquidate them, which can result in significant penalties or tax consequences.
What will happen if I don’t transfer my retirement investment account?
Most U.S. brokerages will give 30, 60 or 90 days for clients to move their assets to an eligible firm. But others may sell off invested assets at the current market value and simply send a cheque for the balance, potentially leading to significant penalties or tax consequences. You can avoid these penalties or tax consequences by working with us.
I am a resident of the U.S. or Canada. I have received an inheritance from a relative across the border. What do I need to know to handle this appropriately?
We can help you open an account appropriate for your loved one’s gift that is consistent with your financial goals and is informed by the tax implications of the benefit.
Canadian living in the U.S.
Few U.S. firms are able to manage your Canadian investments. You may prefer to keep your investments in Canada. We can develop a tax efficient cross-border plan for you.
Our cross-border financial advisors are experienced in helping Canadians and Americans with investment and retirement accounts on both sides of the border.
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Website legal disclaimers
Raymond James Ltd. is an indirect wholly-owned subsidiary of Raymond James Financial, Inc.
Securities-related products and services are offered through Raymond James Ltd., member Canadian Investor Protection Fund.
Insurance products and services are offered through Raymond James Financial Planning Ltd, which is not a member Canadian Investor Protection Fund.
Raymond James Trust Services are offered by Raymond James Trust (Canada) in the provinces of British Columbia, Alberta, Saskatchewan, and Ontario, and by Raymond James Trust (Québec) Ltd. in the province of Québec. Both entities are wholly owned subsidiaries of Raymond James Ltd. Trust Services are not covered by the Canadian Investor Protection Fund. Use of the Raymond James Ltd. website is governed by the Web Use Agreement | Client Concerns.
Raymond James (USA) Ltd. All rights reserved.
Raymond James (USA) Ltd. advisors may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Investors outside the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this website.
Raymond James (USA) Ltd. is a member of FINRA/SIPC.
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