又到聖誕之 多倫多生活討論區 91
唔上吾落
1001 回覆
0 Like
6 Dislike
Did you file a tax returns for calendar year 2022?
You received you MPF THIS YEAR?
YOU MUST GO TO YOUR BANK TOMORROW AND OPEN A RRSP ACCOUNT. Tell them you have received your MPF this year and you want to roll them into the RRSP account RIGHT AWAY.
For stocks that you hold before you enter Canada, you have to find out the closing price on or before you entered Canada and convert them into Canadian dollar using the exchange rate on the day you entered Canada
You must report interest income from HK.
If your foreign assets (including US Stocks) exceeded Cdn $100,000, you have to file a Form T1135.
https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html
http://chinahkcanada.com/immigration-tax-issues/taxes-before-after-moving/#:~:text=Therefore%2C%20the%20periodic%20amounts%20and,in%20the%20year%20it%27s%20withdrawn.
b) Resident status when MPF is withdrawn
If you are already a resident at the time your MPF is withdrawn or for some good reasons you could not withdraw your MPF before moving to Canada.
Note that Canadian residents are taxable, under subparagraph 56(1)(a)(i) of the Act, on pension benefits in the year of receipt. This applies to benefits from a foreign pension plan that are attributable to services rendered while the individual was not a resident of Canada. Therefore, the periodic amounts and the lump sum payment from the Hong Kong pension plan will be taxable in Canada. In this case, your MPF is taxable in the year it's withdrawn.
Reference: Canadian Tax Interpretation.
Nevertheless, foreign pension plans that meets the criteria from 60(j)(i) can be transferred into an RRSP. The mechanism is that the lump sum is included as taxable income in the year it’s withdrawn from the foreign pension but, by depositing it to an RRSP, the person receives a deduction against the income inclusion. If your foreign pension is eligible and everything is done correctly, tax is deferred until the year(s) your RRSP is withdrawn.
You received you MPF THIS YEAR?
YOU MUST GO TO YOUR BANK TOMORROW AND OPEN A RRSP ACCOUNT. Tell them you have received your MPF this year and you want to roll them into the RRSP account RIGHT AWAY.
For stocks that you hold before you enter Canada, you have to find out the closing price on or before you entered Canada and convert them into Canadian dollar using the exchange rate on the day you entered Canada
You must report interest income from HK.
If your foreign assets (including US Stocks) exceeded Cdn $100,000, you have to file a Form T1135.
https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html
http://chinahkcanada.com/immigration-tax-issues/taxes-before-after-moving/#:~:text=Therefore%2C%20the%20periodic%20amounts%20and,in%20the%20year%20it%27s%20withdrawn.
b) Resident status when MPF is withdrawn
If you are already a resident at the time your MPF is withdrawn or for some good reasons you could not withdraw your MPF before moving to Canada.
Note that Canadian residents are taxable, under subparagraph 56(1)(a)(i) of the Act, on pension benefits in the year of receipt. This applies to benefits from a foreign pension plan that are attributable to services rendered while the individual was not a resident of Canada. Therefore, the periodic amounts and the lump sum payment from the Hong Kong pension plan will be taxable in Canada. In this case, your MPF is taxable in the year it's withdrawn.
Reference: Canadian Tax Interpretation.
Nevertheless, foreign pension plans that meets the criteria from 60(j)(i) can be transferred into an RRSP. The mechanism is that the lump sum is included as taxable income in the year it’s withdrawn from the foreign pension but, by depositing it to an RRSP, the person receives a deduction against the income inclusion. If your foreign pension is eligible and everything is done correctly, tax is deferred until the year(s) your RRSP is withdrawn.
Asian妹嘅話全人類男性都可能睇中
You don't need any RRSP room to roll your MPF into your RRSP.
The full amount can be rolled into RRSP. Bring all your MPF documents
along with you and show them to the bank.
You may have to speak to an investment advisor at the bank
https://pegasiprivatewealth.ca/perspectives/f/mpf-in-canada?blogcategory=MPF
Withdrawing Your MPF as a Resident
However, if for any reason you could not withdraw MPF prior to becoming a resident, and make a full withdrawal after becoming a resident, you would be liable for tax.
The moment you become a Canadian resident, you are liable for taxes on worldwide income. MPF is considered a foreign pension according to the CRA and any withdrawal is included as income in the resident's tax return(2). In other words, your MPF withdrawal is fully taxable, regardless of principle and capital gain. This interpretation has taken into account the 2012 tax treaty between Canada and Hong Kong. Article 17 of the treaty laid out that pension arising from Hong Kong paid to a Canadian resident may be taxable in Hong Kong, however, it does not eliminate the right for Canada to tax the very same pension(3).
Transferring to RRSP
The good news is that according to the Income Tax Act, you may be eligible to transfer your MPF to an RRSP and defer tax. You would be required to report the withdrawal as income, at the same time get the same amount of deduction to offset it(4). A Registered Retirement Savings Plan (RRSP) is an investment account that allows you to defer taxes on investment gains (such as capital gain, dividends, or interests) and future withdrawals are considered as taxable income.
For example, if you have $300,000 in MPF and it was transferred over to an RRSP, you report the amount as income but at the same time, you get a deduction to offset it. Five years later, your RRSP grew to $400,000 in market value and you decided to withdraw $50,000, you would not be liable for any taxes on the $100,000 investment gain but the withdrawal of $50,000 would be your taxable income for the year.
(1) Determining Your Residency Status, Canada.ca,
(2) January 17, 1992, Paragraph 9, IT-499R, Superannuation or Pension Benefits, Income Tax Act
(3) 19 March 2014 External T.I. 2014-0522671E5 - HK Pension and Tax Treaty
(4) Section 60 (j)(i),Transfer of superannuation benefits, Income Tax Act
https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5100-06-21-foreign-pensions-plans-web-en.pdf
The full amount can be rolled into RRSP. Bring all your MPF documents
along with you and show them to the bank.
You may have to speak to an investment advisor at the bank
https://pegasiprivatewealth.ca/perspectives/f/mpf-in-canada?blogcategory=MPF
Withdrawing Your MPF as a Resident
However, if for any reason you could not withdraw MPF prior to becoming a resident, and make a full withdrawal after becoming a resident, you would be liable for tax.
The moment you become a Canadian resident, you are liable for taxes on worldwide income. MPF is considered a foreign pension according to the CRA and any withdrawal is included as income in the resident's tax return(2). In other words, your MPF withdrawal is fully taxable, regardless of principle and capital gain. This interpretation has taken into account the 2012 tax treaty between Canada and Hong Kong. Article 17 of the treaty laid out that pension arising from Hong Kong paid to a Canadian resident may be taxable in Hong Kong, however, it does not eliminate the right for Canada to tax the very same pension(3).
Transferring to RRSP
The good news is that according to the Income Tax Act, you may be eligible to transfer your MPF to an RRSP and defer tax. You would be required to report the withdrawal as income, at the same time get the same amount of deduction to offset it(4). A Registered Retirement Savings Plan (RRSP) is an investment account that allows you to defer taxes on investment gains (such as capital gain, dividends, or interests) and future withdrawals are considered as taxable income.
For example, if you have $300,000 in MPF and it was transferred over to an RRSP, you report the amount as income but at the same time, you get a deduction to offset it. Five years later, your RRSP grew to $400,000 in market value and you decided to withdraw $50,000, you would not be liable for any taxes on the $100,000 investment gain but the withdrawal of $50,000 would be your taxable income for the year.
(1) Determining Your Residency Status, Canada.ca,
(2) January 17, 1992, Paragraph 9, IT-499R, Superannuation or Pension Benefits, Income Tax Act
(3) 19 March 2014 External T.I. 2014-0522671E5 - HK Pension and Tax Treaty
(4) Section 60 (j)(i),Transfer of superannuation benefits, Income Tax Act
https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5100-06-21-foreign-pensions-plans-web-en.pdf
Join d board game/運動聚
想問north york 有無salon 介紹
for 男仔
聽講話d 阿朱媽幾好手勢
但盲中中咁入驚中伏
for 男仔聽講話d 阿朱媽幾好手勢
但盲中中咁入驚中伏
女仔始終會幾個約埋出去玩 所以public果d多數男仔
屌不要再說了
覺得呢邊d salon 好多都好伏 好多都唔會理你要求同你鳩剪 洗頭又hea 剪頭都係 真係同打機一樣 想要dlc就要瘋狂課金 每樣同你計
我睇google 見north york centre 對落有幾間好高分
諗緊係咪上去試伏
其中有間日本仔開
d stylist 有ig
好似正正常常咁
不過都係貴貴地同香港差唔多價錢
btw 剪頭髮洗唔洗俾tips
?
諗緊係咪上去試伏
其中有間日本仔開
d stylist 有ig
好似正正常常咁
不過都係貴貴地同香港差唔多價錢
btw 剪頭髮洗唔洗俾tips
?Yes. You must stopppppp first before you turn.
Your car will trigger the sensor if it exceeds certain speed limit when passing the sensor point. However if you come to a full stop before you make the turn, then a ticket will not be issued even though the camera may takes your photo.
Your car will trigger the sensor if it exceeds certain speed limit when passing the sensor point. However if you come to a full stop before you make the turn, then a ticket will not be issued even though the camera may takes your photo.
要 10-15%tips
AP salon
細嘅唔會有乜機會可以擴大
特別係tg公海俾人玩爛咗之後
教會亦唔係個個人都適合
因為嚟呢度嘅人，95%都係couple咁嚟
佢哋自己本身之前又多朋友
真係冇乜人喺一個人嚟
要擴大圈子其實係hard mode
特別係tg公海俾人玩爛咗之後
教會亦唔係個個人都適合
因為嚟呢度嘅人，95%都係couple咁嚟
佢哋自己本身之前又多朋友
真係冇乜人喺一個人嚟
要擴大圈子其實係hard mode
Finch station附近十字路口啲電纜點解成日爆炸咁
企正喺下面嚇撚死
企正喺下面嚇撚死