Dan Walkow - Florida and California - Moving Back to Canada
Wednesday, February 17 2010 @ 11:00 PM PST
Dan has just returned from Investment seminars in Florida which included addresses by both George W Bush and Bill Clinton.
In this show he talks with David and Richard about the US and Canadian economic scenes as well as specifics about cross-border investment in this climate and in general.
Dan's company, Seabank Capital Management Inc., is licensed to deal in both Canada and the US, and can deal with almost any contingency arising from the fact that people find themselves out of their traditional investment company's physical jurisdiction. People find themselves being told they have to liquidate their portfolios (falsely) because once they move away from the broker's location the broker no longer can deal with them - and self-servingly wants to get the trailing/sales commission. This liquidation causes all manner of tax headaches - headaches that need not happen if the investments are simply moved to Seabank.
In addition, Seabank has dual-currency accounts which eliminate the currency conversions often forced upon people by their brokers when purchasing products from across the US/Canada border.
We're sure that if you are thinking of moving across the US/Canada border, or have already done so and still have investments on the other side, or even if you have simply moved from one province or state to another - that you'll benefit from talking to Dan.
Individual Segments:
- Introductions and an overview of Dan's recent trip to Florida, including hearing two ex-presidents of the US, Bill Clinton and George W. Bush
- The nature of Seabank Capital's business - cross-border investment for Canadians in the US or US people in Canada.
- Living in Canada but using a US institution for your retirement investment? People get caught not being able to deal with their old brokers
- An overview of some of the new products Dan's company is offering, including pooled accounts and currency exchange
- 401K and how to move the investment to your new country. IRAs and tax deductions. New tax protocol and cross-border retirement packages
- Differences in taxation across the borders. Capital gains treatment and cross-border problems with tax by both Canada and US. Dealing with foundations and charities across the border. What Seabank is doing for foundations.
- David and Dan answer questions sent in by email. How does IRS treat (Canadian) tax free savings accounts (TFSA)? Is it a foreign trust? Is it a bank account? Do you have to file (US) form 3520 as a holder of a foreign trust? What about the (US) TDF-90? Cycles of interest and "dis-inflation"
- Interest cycles, gold prices, oil and commodities - are we in a rising or falling cycle? Bonds and the cycle.
- Bonds continued. Insurance-based investment products. "Manufactured" financial products.
- Wrapping up.
You can contact Dan Walkow at:
Seabank Capital Management Inc.Suite 301-1959 152nd Street
White Rock, BC V4A 9E3
Canada www.seabankcapital.com Phone: 604-541-9952
Toll Free: 1-866-541-9952
Fax: 604-542-5642
Skype: CASADAN2 Dan's blog: blog.seabankcapital.com
The views expressed in this interview do not necessarily reflect those of the production company presenting this video. This is a paid presentation of Seabank Capital Management Inc.
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