Phil Hogan is a Canadian and US CPA working with clients throughout Canada and the US. Phil advises on cross border tax and financial planning matters. Phil can be reached at phil@beaconhillwm.ca or via telephone at 778.433.1314. You can also read more about Phil at www.Beaconhillwm.ca/team/about-phil/
Tax implications of moving investments to Canada – Expat Tax Podcast
12 January 21 
Crossing the 49th Podcast Note: apologies for the quality of the audio. Half of the podcast was recorded in my car. Subsequent recordings will be much more clear.
On episode #3 of the Expat Tax and Financial Planning Podcast we discuss some of the tax issues related to moving investments from the US to Canada.
Moving investments from the US to Canada does require some planning and a deep understanding of cross-border tax rules including the integration of the US-Canada income tax treaty.
In this podcast we discuss briefly how the cost basis of your investments are adjusted for Canadian purposes when you move to Canada.
We use specific examples to illustrate how these cost basis adjustments can affect your tax filings and some potential planning ideas to review before moving investments.
You can listen or download the latest podcast here and make sure to subscribe on Apple Podcast to ensure you don’t miss any future episodes.
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This commentary reflects the personal opinions, viewpoints and analyses of the Beacon Hill Wealth Management Ltd. partner providing such comments, and should not be regarded as a description of advisory services provided by Beacon Hill Wealth Management Ltd. or performance returns of any Beacon Hill Wealth Management Ltd. client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Beacon Hill Wealth Management Ltd. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Any discussion about taxation is for educational purposes only and should not be viewed as professional advice. Consult your tax professional for tax advice on your particular situation.
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