Beacon Hill Wealth Management

05/22/2026

One of most common questions we get is regarding tax rates here in Canada vs the US. This was published by TD this week and this chart does a good job of summarizing the data.

-Green bars — Income bracket, shown for U.S. jurisdictions.
-Red dashes — Income threshold where the top marginal tax rate kicks in
-Green diamonds — Marginal tax rate (MTR) at that income bracket
-Orange diamonds — Top marginal tax rate

The takeaway: it's not that Canada's top tax rate is higher — it's that we hit it so much sooner. A ~50% marginal rate kicks in at around US$165K in Canada. Compare that to the U.S., where you'd need to earn over US$20M to face a comparable rate in New York, while in California the top rate doesn't apply until you're well into seven figures. And in states like Florida and Washington — with no state income tax at all — top earners cap out around 37%, no matter how much they make.

05/09/2026

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"Keeping your Roth IRA in the U.S. could cost you thousands in taxes. Discover what you need to know before it's too late."

05/06/2026

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Anticipating a US inheritance? Missing key estate strategies could cost you thousands. Discover what most advisors overlook in your planning.

05/03/2026

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05/02/2026

🔍 Cross Border Tax Q&A – Giving up a Green Card and US/Canada Taxes

If you're a US citizen in Canada, this one's for you.

📖 Full article: https://hubs.ly/Q049g3kF0

💬 Reach out: [email protected]
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U.S. citizens overlook tax implications when abandoning Green Cards. Discover how it could cost you thousands in Social Security and investments.

05/01/2026

⚠️ Don't miss this:

Canada Revenue Agency and the Digital World

Critical info for Americans living in or moving to Canada.

➡️ https://hubs.ly/Q049fY-D0

📩 [email protected]
🔗 https://hubs.ly/Q049f-b70

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"If you earn over $500K, the CRA is watching your endorsements. Failure to report could lead to costly penalties. Don't let oversight ruin your wealth."

05/01/2026

📌 US Resident Cashing Out RRSP

This is one of the most common questions we get from Americans living in Canada.

👉 Read more: https://hubs.ly/Q049g1fV0

📧 Questions? Email [email protected]
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"Cashing out your RRSP as a US resident could trigger taxes you didn't expect. Discover how this decision might cost you thousands."

05/01/2026

⚠️ Don't miss this:

QA – Rolling over RRSP to IRA or 401k?

Critical info for Americans living in or moving to Canada.

➡️ https://hubs.ly/Q049fTmL0

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"Transferring RRSPs could trigger costly penalties. Discover how to avoid mistakes and maximize your retirement savings in the U.S."

04/30/2026

🇨🇦🇺🇸 Americans Selling their Principal Residence in Canada – Episode 14

Navigating finances across the border? We've been helping Americans in Canada for over 20 years.

📝 https://hubs.ly/Q049fWn-0

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Many Americans overlook potential tax implications when selling their home in Canada. Discover strategies to maximize your profit and minimize taxes.

04/30/2026

⚠️ Don't miss this:

How Can Americans Abroad Register and Vote in the Upcoming Elections?

Critical info for Americans living in or moving to Canada.

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📩 [email protected]
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"Millions of Americans abroad risk losing their vote. Discover how to register and ensure your voice is heard in the upcoming elections."