Snowbird Financial Consulting (SFC) offers professional consulting services designed to help Canadian Snowbirds with their property purchase and lifestyle in Florida. Each strategy saves clients thousands of dollars on interest, taxes, fines, and negotiation tactics. Our services include;
The Membership Plan
Clients will receive a 5-year membership. With this membership, clients receive up to one hour of consulting for every year of their membership term. The consulting services will concentrate on areas we service which is shown below. The initial review of their situation will provide the client with information that requires immediate attention. SFC will conduct an annual review, making sure you are on track to continue enjoying life as a Canadian Snowbird.
Each client will also receive quarterly newsletters providing updates on changes that will impact a Canadian Snowbird.
The consulting services listed below are for both members and non-members. If you are a non-member, have no worry we are still here to help. Here are the areas of our expertise:
Real Estate and Investing
Investment strategies – Where is your money coming from? The origin of your money can become a large tax burden if you are not careful. SFC will work with yourself and your financial advisor to ensure you are strategically placed in the best situation.
Mortgage Financing – We provide ways to save you thousands in interest savings. SFC will also inform you of the differences between US and Canadian mortgage financing.
Real Estate Advice – This service pinpoints the clients real estate options discussing key interests and budget. Preparing each client on what challenges to expect during and after the purchase of their new property south of the border.
Border Regulations – Providing advice on the proper forms required for admission to the United States. Discussing the entry items that must be on hand and ready to provide if requested.
Residency Regulations – Visa requirements can be confusing. SFC will provide information on the difference between each visa. The length of stay each visa will allow. Along with the difference in how U.S Customs and Border Protection calculates your stay compared to the Internal Revenue Service.
Canadian and United States Tax – The countries do have a tax treaty. However, if you are not prepared there are some areas which can become expensive. SFC will ask questions like, will this be a rental or vacation property? Will you be working out of your vacation property? We will then construct the best way to set up your purchase. This way you pay the reasonable amount in mortgage interest and capital gains. Finally, if required, we will discuss the proper tax forms you will need to fill out for the IRS.
US currency strategies - Exchanging your money in the right place can save you thousands. The big banks make top dollar on your money when exchanged. There are better and cheaper options available.
The Boring Stuff
Legal and Accounting – Snowbird Financial Consulting will provide you with basic guidance on legal and accounting. However, it’s always recommended you speak to a professional lawyer or accountant regarding your situation. If appropriate clients will be referred to professionals.
Our Consultancy is designed to save thousands in costly mistakes.