Understanding US and Canadian Financial Planning: A Comprehensive Guide

About this episode

This episode explores the complexities of cross-border financial planning between the US and Canada, featuring insights from financial expert Lucas Wennersten.

Navigating life and finances across the US.–Canada border can feel overwhelming especially when taxes, investments, citizenship, and estate planning collide. In this episode of Passport To Wealth™, host Arielle Tucker, CFP®, EA sits down with Lucas Wennersten, CFA, CFP® (Canada), CFP® (USA), founder of 49th Parallel Wealth Management, to unpack the real-world complexities of cross-border financial planning between the United States and Canada. Lucas shares his personal journey into cross-border planning, explains the key differences between the US. and Canadian tax systems, and highlights the most common (and costly) mistakes expats and globally mobile families make. From dual citizenship and tax treaties to deemed disposition taxes, estate planning pitfalls, healthcare costs, and retirement planning across borders. This episode is packed with practical insights for US. expats, Canadian snowbirds, dual citizens, and anyone considering a move across the border Takeaways: In this episode, we discussed the complexities of cross-border financial planning, particularly between the United States and Canada. Lucas Vennersen emphasized the importance of understanding tax treaties, which…

People in this episode

Host: Arielle Tucker

Guest: Lucas Wennersten

Topics covered

• cross-border financial planning
• US and Canadian tax systems
• dual citizenship
• estate planning
• expat financial strategies

Keywords

• financial planning
• tax treaties
• deemed disposition taxes
• healthcare costs
• retirement planning

Mentioned in this episode

Organizations: 49th Parallel Wealth Management

Places: United States, Canada

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