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CEO says listing common shares on the NYSE “makes sense,” given CI’s rapid growth in the U.S.

  • By: IE Staff
  • November 5, 2020 November 5, 2020
  • 15:00
Health Insurance Assurnace computer laptop

As of Jan. 1, 2020, OHIP no longer covers most out-of-country medical emergencies

lungern village in switzerland

Many clients are choosing to retire to other countries - lured by a comfortable climate and scenic views or a desire to return to their homeland. You can provide information and advice to help these clients navigate the many necessary decisions

canadian and usa flags

Update includes references to state statures

Man holding a credit card, typing on laptop, online shopping

The card will hold balances in multiple currencies making it useful for business travellers, snowbirds and expats

For clients who will be away for extended periods, there are several issues they should consider, such as U.S. tax laws, travel insurance and home security

Snowbirds should prepare a statement for their financial services firms clarifying they're not U.S. residents

Canadian clients who spend significant amounts of time outside the country every year risk losing their health benefits, as well as possibly facing negative tax consequences

Clients who winter in the warmer U.S. states need to be aware of several important requirements in order to remain on the right side of U.S. and Canadian authorities. Owners of foreign property will have to take extra precautions

U.S., Canada now tracking snowbirds more closely

Terry Ritchie, director of Cross-Border Wealth Services with Cardinal Point Wealth Management, explains why it's important for snowbirds to keep count of their days in the U.S., particularly now that Canada and the U.S. are sharing more travel information on each other's citizens.