How to Hold Cryptocurrency in a Cross Border Portfolio
With news of inflation and pending interest rate hikes on every front page, many are carefully watching to see if cryptocurrency will prove to be the hedge against inflation many hoped it would be. While that remains to be seen, some of the world’s largest asset managers continue to express increasing interest as cryptocurrency becomes more mainstream. This could be a sign that cryptocurrency is still on track to transform the way we think about money and how we invest. What is sure is that for those who hold a cross border portfolio, there are special considerations to take into account before taking the plunge. In this blog post, we explore what cryptocurrency is, how to purchase it for a cross border portfolio and potential problems to avoid.
A Success Story: Reversal of Medicare Late Enrollment Penalites
In a recent triumph, as part of our cross-border health care advisory practice at MCA Cross Border Advisors Inc., we successfully appealed SSA’s imposition of Medicare Part A and Part B late enrollment penalties for our client.
What You Can Do if the Federal Government Increases the Capital Gains Rate in 2022
Although the Canadian government has considered raising the capital gains rate in previous years and declined to do so, some are speculating that increasing debt, campaign promises and the cost of the fight against COVID could mean this is the year the government will increase the capital gains rate.
Is there anything you can you do now to avoid the potential tax increase? While I can’t predict what will be in the 2022 Federal Budget, here are three possible solutions for pre-empting a higher capital gains inclusion rate.
Comparing Canadian & American Retirement Plans – Part 1
Not unlike trying to a cut a path through a dense and tangled jungle, navigating the terrain of cross border planning can be tricky. With pitfalls to avoid, and rules to untangle, even the most intrepid self-guided investor can be left feeling a bit lost and confused. Creating a cross border retirement plan involves sifting through a variety of options, avoiding tax traps, and navigating the rules of two countries all while trying to maximize the financial potential of your retirement accounts.
Tax Implications of working for a US employer while living in Canada
COVID-19 has changed many aspects of our lives, including the possibility of working remotely. As a result, we have seen a trend where various professionals such as IT employees working for Google, Facebook, etc. who otherwise reside in the US, decided to take the opportunity to spend time in Canada while remaining employed by their US employer.
Obamacare Survives Latest Repeal Attempt
This past June, the Affordable Care Act (ACA), often referred to as “Obamacare,” survived a third Republican repeal attempt as the US Supreme Court upheld the landmark 2010 law in an unambiguous 7-2 decision. In response, President Obama tweeted, “This ruling reaffirms what we have long known to be true: the Affordable Care Act is here to stay.”