多倫多生活討論區 109 一 Trump 2025 大勝!

I assume you are considered a tax resident of Canada the minute you entered Canada. (unless you can prove otherwise)

For salary earned in HK but received in Canada -not considered taxable in Canada

For dividend earned, you have to report as dividend income.

For stock trading gain/loss

Find out the Fair Market value of these stock on the day you entered Canada and convert them into Canadian dollar. This will be your Adjusted Cost base.
When you sell the stock, the total proceeds minus the Adjusted cost base will be your gain/loss.
e.g.
Original total purchase price + cost = $100,000
Adjusted cost base when you entered Canada = $120,000
Total proceeds = $125,000
Your gain for Canadian tax purposes
$125,000-$120,000 = $5,000.
If considered capital gain, then the taxable capital gain will be 50% of $5,000.

However, if your proceed is $110,000, then you have a loss of $10,000 or taxable capital loss $10,000X50%.

Other issues.
If you have assets outside Canada on the day you entered Canada, you have to obtain the Fair Market of these assets (cash, investments, house etc.)and convert them to Canadian dollar using the exchange rate on that day.

If your assets outside Canada exceeded $100,000, you have to file a T1135 on the second year you file your T1 tax returns.

https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html

If you have MPF withdraw, you must make some preparation before you receive them.

You van find out about trading gain/loss from your stock broker's statements.

Not all gain/loss are capital in nature. They can be considered as income by CRA.

You must have RRSP contribution room from EARNED income. Capital gain and dividends are NOT earned income.

If you have large amount of Capital gain (exceeding $3,000) you must pay income tax instalments as soon as possible, otherwise, you may be subject to interest penalties.

https://www.canada.ca/en/revenue-agency/services/payments/payments-cra/individual-payments/income-tax-instalments.html

You may have to pay tax instalments for next year's taxes, if your net tax owing is more than $3,000 (for Quebec $1,800) for 2024 and in either 2023 or 2022.

Tax instalment payments are due by the following dates (except farmers and fishers who have one due date on December 31):

March 15 June 15 September 15 December 15

如果你有tax advisor，咁你一定要揾佢問清楚先。不過，你首先問下CRA。你唔好話兩年前， 你話你朋友剛剛嚟到之後先收到公司欠佢既人工， 使唔使當收入。然後攞CRA講既答去要求tax advisor免費同你攞返退稅。
我無你既詳細資料，好難決定誰對錯。

係同一舊錢, assume緊rrsp個tax refund係用黎投資
例如收入10000, 稅率90%, 稅後1000
放1000入rrsp會拎番900, 多左既900你放入normal
vs
放1000入normal, 比起放1000入rrsp只係多左100

Sorry, I mean $3,000 taxes. Not capital gain.
I don't know your marginal rate, therefore, unable to estimate your taxes.
e.g. If you have $60,000 capital gain. (Proceeds minus cost)
assume they are considered Capital gain. then 50% is taxable. $30,000.
Assume your marginal rate is $40% then your taxes is $12,000.

I think the highest marginal rate in Ontario is 53.5%

Did you tell the CRA staff that your friend was not a tax resident of Canada when he earned the salary.

I think the CRA staff thought your friend was a tax resident when he earned that salary.

I did. The staff said it’s taxable as long as it’s received in Canada.

如果強積金都係咁就好

有車無工返

或者你遇正嗰30%答錯既其中一個

https://www.oag-bvg.gc.ca/internet/English/parl_oag_201711_02_e_42667.html

We concluded that the Canada Revenue Agency’s call centres did not provide taxpayers with timely access to call centre agents. Based on our test results, agents gave taxpayers information that was not accurate almost 30 percent of the time.

唔洗返工，人生贏家

MPF is under another section of the Income Tax Act.

I don't think the tax treatment for MPF is fair.

無工返 屋+車保都一大筆錢
屋企食麵包又一日

點會無工返，你揀工唔做享受人生姐

謝謝 不過睇唔啱
係咪學校附近嘅治安都ok?

Casa Loma嗰頭貴區嚟啵
你負擔得起嗎？

有得揀先係
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