Yes, 30min free consultation. You can book thru the calendly link at the end of the video or in the description box.
@squashhoho810
7 ай бұрын
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
@zoeasyzoelee83
4 ай бұрын
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.
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?
@y_y_ryan
7 ай бұрын
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
7 ай бұрын
Thanks, that means the earliest for me to buy a property is in 2025?
@y_y_ryan
7 ай бұрын
@@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 ….
@imanriu2324
7 ай бұрын
@@y_y_ryan thanks Ryan!
@y_y_ryan
7 ай бұрын
@@imanriu2324 just consult CRA for more concrete advice la
@jennajeffchannel9827
4 ай бұрын
Anybody know the legal consequence if I don’t report MPF when CRA audit and find it?
1) Yes. 2) WealthSimple or Turbo Tax 3) You need to registered CRA my account.
@user-hc9mf5eq8d
4 ай бұрын
@@zoeasyzoelee83 Thanks
@mchung7557
4 ай бұрын
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?
@zoeasyzoelee83
3 ай бұрын
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.
If I got my MPF money before landing Canada , any tax on that $?
@zoeasyzoelee83
4 ай бұрын
No need.
@TungJudy-b1r
7 күн бұрын
請問點樣才可以找到你們?
@zoeasyzoelee83
4 күн бұрын
@@TungJudy-b1r Raymond 電郵 raymond@pivotadvantage.com 我的電郵是zoelee@novellawealth.com
@zoeasyzoelee83
4 күн бұрын
@@TungJudy-b1r Raymond 電郵 raymond@pivotadvantage.com 我的電郵是zoelee@novellawealth.com
@Beholder7046
5 ай бұрын
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?
@zoeasyzoelee83
4 ай бұрын
對的
@gracecharm3945
6 ай бұрын
請問有冇raymond聯絡方式? 打電話去做consultation ok嗎?
@zoeasyzoelee83
4 ай бұрын
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!
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