Cross-Border Planning Issues
Foreign Money Exchange
When converting CDN$ to US$ or vice versa, you will find that the banks will try to rip you off on the exchange. I strongly urge you to look into using a specialized foriegn exchange company to do the conversion and send the money down (or up) for you. There are many reputable companies to choose from that offer this service. I am listing a few for your information but make no warranties or recommendations on which to use. I leave that up to you!
FIRMA Foreign Exchange - Marina Lehner - 1-877-423-2217 - www.firmafx.com
Global Foreign Exchange - www.globexfx.com
HiFX - www.hifx.com
Here's an article from the Edmonton Journal that address some cross border issues and has a couple of contacts for planners assisting Canadians in both the US and Canada
If you're planning to purchase real estate in the US - especially as an investment, you'll want to examine cross border taxation issues - especially US tax laws. Check out THIS IRS site for more information and consult with a tax planner, preferably one of the cross-border variety.
For real estate related tax info, check out this site.
ALTRO & Associates
KEATS CONNELLY & ASSOCIATES
Foreign Buyer's Guide
Email us for a special buyer's guide for foreigners buying real estate in the US. A shortened flow-chart of FIRPTA is available by emailing us as well. It is important for Canadians to have a good cross border planner due to tax treaties between our two countries.
Some resources for looking into your immigration options:
United States Citizenship & Immigration Services - A great site to look at various visa and residency options including vacation visas.
Donald Walker - 415-457-1427. firstname.lastname@example.org. Located in California, we have used his services and he has been very helpful.
Two other options for immigration services that have been referred to us. We do not have any personal experience with these options.
http://www.immigration-attorney-losangeles.com/ - Moshe Young - Los Angeles - 818-509-0266 http://ashmanlaw.com/Mambo/index.php - Peter Ashman - Las Vegas - 702-735-1112
There are also many good books available on the subject.