Cross border services for Canadians living in the U.S.
If you are moving to the United States from Canada or are already a resident of the U.S., we can help you manage your assets and investments on both sides of the border through a single relationship.
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 Canada and U.S. based clients and investment assets.
Is there such a thing as a U.S. RRSP?
No. A 401(k) plan and individual retirement account (IRA) in the U.S. are similar to an RRSP. However, you cannot “roll over” an RRSP into a 401(k) plan or IRA without first liquidating the RRSP, an action that could trigger significant penalties and taxes.
My financial advisor or investment manager said they can no longer manage my accounts. What do I need to do?
If you are a Canadian who moved to the U.S., you may be able to leave your RRSP in the hands of your Canadian brokerage, though the account may need to be self-directed. This means you would need to make all the investment decisions for your RRSP without the guidance of a financial advisor or investment manager. That’s where we can help. With Marnoa Private Wealth, we can hold your account and still provide ongoing investment guidance.
Are there special concerns about my existing retirement savings I need to consider in the U.S.?
RRSPs and TFSAs can create complex situations for taxpaying residents of the U.S.
Our cross-border advisors are dually licensed in both jurisdictions. We can provide guidance on how to manage those issues.
Canadian cash accounts can, in many cases, simply be moved to a U.S.-licensed firm. However, different actions may be required based on the types of assets. We can help you understand your choices and make decisions suitable for your personal situation and financial goals.
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.
American living in Canada
If you live in Canada, but your investment and retirement accounts are based in the U.S., we can help you explore options that best suit your cross-border needs.
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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