Haven't trade options for at least 30 years . I don't know the answer.
But the adjusted cost base determination should be about the same. You can find out the closing price as of the day you landed too. Am I right?
CNTower2022-03-31 19:52:02
If you keep losing you don't have to pay taxes. Lol.
I am not familiar with investment stuff. May be an investment advisor can help you.
CNTower2022-03-31 19:55:12
You don't have to do that.
Just keep a record of the closing price as of that day and you can hold them until you want to sell. But you have to file T1135 every year if your foreign held property is oved $100,000 or about HK$600,000
腳巴2022-03-31 19:56:57
Coz i want to sell them in Firstrade and move my money to IB Ca
Seems like ibca is a good choice
CNTower2022-03-31 19:57:06
You are deemed to dispose and reacquire the property at FMV on the day you landed. An appraisal is most likely needed.
CNTower2022-03-31 19:57:42
It's up to you.
腳巴2022-03-31 19:58:09
Also i would like to ask if I still need to get taxed even I’m a student (holding a student visa) if I gain profit during my stay
CNTower2022-03-31 20:02:42
Marginal rate.
Highest marginal rate in Ontario is 53.5%. (I think)
星哈利路亞吐特樂2022-03-31 20:11:15
Hello uncle! It’s me again.
For soft-landing (arriving with coPR and stay for a weeks to collect PR card), if I reside in Canada for less than 183 days (in the is case only 7 days lol) within the calendar year, also I work in HK receiving HK income, am I considered as non tax resident?
If by definition I don’t qualify as non tax resident, am I required to file separately declaring my status?
And do I need to file tax return as a non tax resident? As in to report my income and foreign property?
Sorry I am still trying wrap my head around all this…
星哈利路亞吐特樂2022-03-31 20:14:07
And if I file tax returns, does it mean I voluntarily become a tax resident? Or it’s a formality and I may end up not having to pay any due to my status
CNTower2022-03-31 20:59:23
True.
If that is your only property in this world with certain requirements. But CRA may challenge that.
輸凈條底褲2022-03-31 21:06:53
有益po 正皮
CNTower2022-03-31 21:11:01
T1135 is based on total amount. $100,000 or 20 and $5,000 each.
Why do you want to avoid reporting?
I want you let you know that CRA's auditors are also from the same communities and similar background. They know all the tricks up your sleeves. I had been a tax auditor for 35 years and I have seen many smart /dumb ways to avoid paying their fair share of taxes. I do agree that there are legal and proper ways to defer / reduce your taxes. My advice is to seek professional help .
However, I had disallowed a fee tax planning schemes done by tax experts.
CNTower2022-03-31 21:13:02
CRA has started auditing some taxpayers who had claimed the $2.00 WFH deduction.