For MPF rollover to RRSP account (in bank), is the bank required to issue a special RRSP contribution receipt which is DIFFERENT from the regular/normal contribution receipt? Or the regular/normal RRSP contribution receipt is also ok. I ask this because if regular/normal RRSP contribution receipt is issued, it may have the risk of regarding the rollover money as over-contribution. Or, the bank needs not to issue RRSP contribution receipt for MPF rollover to RRSP. Thanks
It's not the bank's responsibility to give you a different receipt. You should consult an accountant who has experience in filing oversea pension transferred into RRSP.
cannot An individual is considered to be a first-time home buyer if at any time in the part of the calendar year before the account is opened or at any time in the preceding four years they did not live in a qualifying home 2024 2023 2022 2021 mid-2021=any time in 2021=any time in preceding four years of (2024)
@@imanriu2324 if you are buying property because of opening FHSA on that year and just enjoy the extra 8000 tax deductibility…..(save 2000cad maybe?) then yes ….
Thanks for sharing. Indeed HKer can't take out MPFs before entering Canada!! We can only withdraw HK's MPF after become a PR (likely already become tax resident). HKer just create revenue to CRA on their pre-immigration salaries. Is it fair?
It was allowed way back in time. But the restrictions from HK side got stricter. There are many unfair tax rules, but I guess the cost of running a country with small population is very expensive that government needs to and will find ways to tax anyone with money. And Canada is not the only country with high tax rate.
You can book thru his calendly link: calendly.com/pivotadvantage/inquiry-about-2023-personal-tax-quotation?back=1&month=2024-04. Please note: Consultation fee may be charged.
It is stupidity to buy RRSP when you had no income, buying RRSP is for tax deduction purpose only! I would recomemd don't withdraw MPF if you don't need it right away! When you earn all this MPF in Hong Kong, you don't get any benefits from Canada, why pay them tax! if I do need the money I would declare Non resident back to hong kong and withdraw it before you want to move back Canada!
Good for sharing, thanks.
Thanks for watching!
可以講下 有關香港嘅稅務問題？
tks for sharing, 請問係咪有free consultation?
For OWP 人士， 可以講解下如何定義稅務居民嗎？
Yes, 30min free consultation. You can book thru the calendly link at the end of the video or in the description box.
For MPF rollover to RRSP account (in bank), is the bank required to issue a special RRSP contribution receipt which is DIFFERENT from the regular/normal contribution receipt? Or the regular/normal RRSP contribution receipt is also ok. I ask this because if regular/normal RRSP contribution receipt is issued, it may have the risk of regarding the rollover money as over-contribution. Or, the bank needs not to issue RRSP contribution receipt for MPF rollover to RRSP. Thanks
It's not the bank's responsibility to give you a different receipt. You should consult an accountant who has experience in filing oversea pension transferred into RRSP.
你好，想問一下我本人係2022年頭回流，都有報2022年税，當時有搵會計師幫手報税，都有同佢傾將MPF轉去RRSP，但係就係呢個會計師唔識，攪攪下過左2023二月尾都未清楚點攪，所以最後無報到。想問下如果今年想做返，得唔得？謝謝你
Anybody know the legal consequence if I don’t report MPF when CRA audit and find it?
Penalty + interest owed
Hello, 想問下香港自用樓係唔係報係T1135 (other property outside Canada)? thanks
Thanks for the video. Can you pls elaborate on FHSA? E.g. if I sold my principal home in mid 2021, am I eligible to FHSA and buy a property in 2024?
cannot
An individual is considered to be a first-time home buyer if at any time in the part of the calendar year before the account is opened or at any time in the preceding four years they did not live in a qualifying home
2024 2023 2022 2021
mid-2021=any time in 2021=any time in preceding four years of (2024)
Thanks, that means the earliest for me to buy a property is in 2025?
@@imanriu2324 if you are buying property because of opening FHSA on that year and just enjoy the extra 8000 tax deductibility…..(save 2000cad maybe?) then yes ….
@@y_y_ryan thanks Ryan!
@@imanriu2324 just consult CRA for more concrete advice la
Hello Zoe, 想請教下我今年4月用永久離港的原因申請取回MPF, 一路都未批，5月尾到埗，6月中，未夠一個月左右就到帳，請問這個情況需要開RRSP account 嗎？還是可以當係資產？謝謝你
你入境當日便已經成為加拿大稅務居民是需要開RRSP來幫你減免這一次的稅，如果唔想開RRSP，而情況容許下就不如等收到錢才過來
妳好，2022年9月下旬到溫哥華，所以第一次報稅由中僑代辨。令年2023年第一次在加拿大 (BC) 報稅，只有夫妻聯名戶口的銀行利息要報T1，想請教 : 1) 因在加拿大是夫妻分到報稅，是否將利息分半後各報所得利息的一半，或有其他申報方式 ? 2) 那些報稅 software programs 可填寫後直接網上申報還是動寄 CRA ? 3) CRA 會否像香港稅局，有我和我太太的特定帳戶號跟進每年的赦稅情況 ? Thanks
1) Yes. 2) WealthSimple or Turbo Tax 3) You need to registered CRA my account.
@@zoeasyzoelee83 Thanks
Thanks for sharing. Indeed HKer can't take out MPFs before entering Canada!! We can only withdraw HK's MPF after become a PR (likely already become tax resident). HKer just create revenue to CRA on their pre-immigration salaries. Is it fair?
It was allowed way back in time. But the restrictions from HK side got stricter.
There are many unfair tax rules, but I guess the cost of running a country with small population is very expensive that government needs to and will find ways to tax anyone with money. And Canada is not the only country with high tax rate.
你好，想請教一下，我係2022年回流，2022搵左會計師去報税，其中傾過話想將MPF轉去RRSP，最後搞咗好耐，個會計師發覺佢唔係好識搞，最後過咗二月尾deadline，過埋報稅時間都未搞清楚，當然最後乜都搞無做。我想問如果而家搵你哋幫手今年做返，得唔得嘅呢？謝謝你
是2022年已經提取，還是仍未提取？
請問怎樣可以聯絡你，因為為你的schedule要到4月才能預約？🙏
You can send me an e-mail to zoe@zoeleefinancial.com.
我有問題想問，琴晚問左唔知點解delete 左，呢個testing
請問點樣才可以找到你們？Raymond的聯絡方法？🙏
@@TungJudy-b1r Raymond 電郵 raymond@pivotadvantage.com
我的電郵是zoelee@novellawealth.com
If I got my MPF money before landing Canada , any tax on that $?
No need.
其實有樓在香港,如果第日賣樓計資產增值,即係用到達加拿大當天的樓價去計算日後有否增值嗎？
對的
想問下MPF如果未取，需否計入海外資產🙏🏻🙏🏻
No need
請問有冇raymond聯絡方式? 打電話去做consultation ok嗎?
You can book thru his calendly link: calendly.com/pivotadvantage/inquiry-about-2023-personal-tax-quotation?back=1&month=2024-04. Please note: Consultation fee may be charged.
如果MPF少過CAD100,000,可唔可以提早提取,當海外資產，而因為少過CAD100,000而不需申報?
海外總資產少於100,000加幣是可以不需申報的。但如果你提取MPF的時候，已經是加拿大稅務居民，那麼這筆錢便不能當資產
请问老师，我2023年看牙医，我自己付30加元，宏利保险公司付300,听说保险公司支付的部分要算做个人收入纳税，但是我现在还没有收到保险公司的slip, 如果保险公司一直不给我slip,是不是意味着这部分实际上是不需要纳税的呢？谢谢！
你有否支付保費？ 有的話便不數稅務benefit.
你好 想問一問 我有兩個MPF戶口 申請拎錢係2023年年中 其中一份批錢日期係2023
另一份係2024 1月批出 想問報稅 可唔可以兩份都報2023年收入？
應該按接收的日期作當年的稅務收入
請問點樣才可以找到你們？
@@TungJudy-b1r Raymond 電郵 raymond@pivotadvantage.com
我的電郵是zoelee@novellawealth.com
@@TungJudy-b1r Raymond 電郵 raymond@pivotadvantage.com
我的電郵是zoelee@novellawealth.com
請問可以聯絡你嗎？有關mpf 和 RRSP 問題想了解一下。
You can e-mail me at zoe@zoeleefinancial.com
MPF係移居前儲埋嘅個人資產，咁移居咗呢幾年都無再儲，到PR後攞番先前個人資產都要被抽稅，咁咪等於我個人資產喺決定移民時就已經要被上繳？？🤔 有人話可以一次放入RRSP然後續啲攞出嚟洗，咁但係RRSP每年有投放上限，實際又只可以放好細數目入去，好似唔可行喎🤔
麻煩請俾啲意見吖！Thank you
片中第15分鐘有講少少你既問題。 以我留意開youtube相關頻道結論如下（我既理解，如果有錯大家更正。）
如果Mpf係抵加前已取走，唔駛俾加拿大稅。
如果Mpf係抵加之後才取到，好大機會 要俾稅，因為會當係 當年海外收入。
存入RRSP雖然有每年限制，但如果香港Mpf取到的話，係可以特別處理地1筆過存入RRSP。
@@MTLPisces MPF 一次放入RRSP, 不用被投放上限限制, 但報稅是必須洽當整理
FHSA 5 years
It is stupidity to buy RRSP when you had no income, buying RRSP is for tax deduction purpose only! I would recomemd don't withdraw MPF if you don't need it right away! When you earn all this MPF in Hong Kong, you don't get any benefits from Canada, why pay them tax! if I do need the money I would declare Non resident back to hong kong and withdraw it before you want to move back Canada!