How to Contact Us
Seabank Capital Management Inc.
Suite 301 - 1959 152nd Street
White Rock, British Columbia, CANADA V4A 9E3
Toll-Free 1-866-541-9952 (United States & Canada)
Telephone: 604-541-9952
Fax: 604-542-5642
General inquires: [email protected]
Dan Walkow, Managing Director: [email protected]
AJ Sull, Portfolio Manager: [email protected]
Paul Bains, Associate Portfolio Manager: [email protected]
Johanna Van Poele, Manager of Business Development: [email protected] Anthony Darcovich, Executive Assistant: [email protected]
Johann Van Poele is with him in the USA at the moment but she likes old North American iron and if you sent her pictures of your cars, I know you would get supberb service.
SeaBank is a boutique operation that can look after any Canadian or American Investor no matter what they own or where it is located or where they are located if it is a security. They do not deal with Real Estate. You can see more at their website at www.seabankcapital.com. The nice part is that everyone involved is involved int he US Canada Cross Border operations.
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The second and closer to you is Darrell Thompson of Blackmont Securities in Toronto. Blackmont is the old Yorkton Securities and I can still remember the Yorkton Director telling me that he had spent some $5,000,000 getting his firm registered to be able to look after your kind of business. Unfortunately, very few of the brokers participated in the cross-border business.
Darrell Thompson is one that did and you can get hold of him in Toronto at 866 775-7704 - If that number does not work in your area, try (416) 874-8007
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I had great hopes for TD Waterhouse. TD Waterhouse started down that lane and even had a dozen of their brokers like Shaun Rickerby (another lover of old cars) who were getting going and then TD stopped the process. And, if you were living in any other country but the US, I would recommend Shaun as well.(604) 482-5188 because he understands the non-resident rules, etc.
Both Dan and Darrell CAN deal with any movement in your RRSP or RRIF. You are not limited to GICs because of the cross border rules because these two brokers have made it a point to be registered in the US States and Canadian Provinces that they need to be registered in to deal with you.
However, if I were you, I would leave the money in Canada and withdraw from a good securities (maybe a mutual fund) account in a systematic withdrawal as a RRIF. The Canadian withholding tax will be 15% and you will not need to file a Canadian return.
You will have to calculate the earnings portion of this blended payment to report as taxable income on your US return and you get to claim the 15% tax paid to Canda as a foreign tax credit on US form 1116.
And, If you move to Texas or Washington or Nevada or Florida or Alaska, you can avoid a state tax return.
If you were totally frustrated, you could just withdraw the whole shebang and pay Canada 25% of the gross as tax f a one time payment to Canada. You would then add all the increase in value since you moved to the US to your US return and claim a pro-rata amount of the 25% tax.
Hope this helps - now I have to figure out how to make it into a mass mailing.
There is another group in Calgary that I could rcommend if you do not want to manage the account. Guardian will manage a US residents account but - officially - they decide what goes into the mix.
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David Ingram's US / Canada Services
US / Canada / Mexico tax,
Immigration and working Visa Specialists
US / Canada Real Estate
Specialists
My Home office is at:
4466 Prospect Road
North
Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321
Fax (604) 980-0325
Calls welcomed from 10 AM to 10 PM 7 days a week Vancouver
(LA) time - (please do not fax or phone outside of those hours as this is
a home office)
email to [email protected]
www.centa.com
www.david-ingram.com
Disclaimer: This question has been
answered without detailed information or consultation and is to be regarded only
as general comment. Nothing in this message is or should be
construed as advice in any particular circumstances. No contract exists between
the reader and the author and any and all non-contractual duties are expressly
denied. All readers should obtain formal advice from a competent and
appropriately qualified legal practitioner or tax specialist for expert help,
assistance, preparation, or consuDavid Ingram gives expert income tax &
immigration help to non-resident Americans & Canadians from New York to
California to Saudi Arabia to Mexico to China or Chile - Cross border, dual
citizen - out of country investments are all handled with competence &
authority.
David Ingram gives expert income tax & immigration help to
non-resident Americans & Canadians from New York to California to Saudi
Arabia to Mexico to China or Chile - Cross border, dual citizen - out of country
investments are all handled with competence & authority.
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