Cardinal Point Wealth Management Highlights U.S. Estate and Gift Tax Considerations for Canadians

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Toronto, ON, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Cardinal Point Wealth Management, a firm specializing in Canada–U.S. cross-border financial planning, has published a new article…

Toronto, ON, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Cardinal Point Wealth Management, a firm specializing in Canada–U.S. cross-border financial planning, has published a new article examining U.S. estate and gift tax rules and their implications for Canadians with personal or financial connections to the United States.

The article, U.S. Estate and Gift Tax Considerations for Canadians, explains how citizenship, domicile, and asset ownership can determine whether U.S. transfer taxes apply to worldwide assets or only certain U.S.-situated property. These distinctions are particularly important for U.S. citizens living in Canada, green card holders, and Canadian residents who own U.S. real estate or investments.

One important consideration is that U.S. income tax residency and estate and gift tax domicile are determined under different rules. A green card holder living in Canada, for example, may remain a U.S. resident for income tax purposes while being considered domiciled in Canada for estate and gift tax purposes.

The article also outlines the federal estate and gift tax exclusion of $15 million U.S. dollars (USD) for 2026, along with the different rules applicable to Canadians who are neither U.S. citizens nor U.S.-domiciled. These individuals may face U.S. estate tax exposure on assets such as U.S. real estate and shares of U.S. corporations, even when those investments are held in certain Canadian registered accounts.

Through the Canada–U.S. Tax Treaty, qualifying Canadian residents may be eligible for estate tax relief. However, filing obligations can still arise even when treaty benefits eliminate the ultimate tax liability. Understanding these requirements is an important component of Cross-Border Wealth Transfer Planning, particularly for families transferring assets between generations.

The article further examines how U.S. gift tax rules differ from estate tax rules, including the treatment of U.S. real estate, tangible property, and securities.

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