Hi, if I have about HKD$140,000 which is less than CAD$25,000 MPF in Hong Kong and I'm already in Canada right now, I only need to report the asset to CRA but I don't have to pay tax until I actually pocket the money am I correct? If so, that means if I switch my MPF to an extremely slow growing fund that mostly holds cash and hardly ever have gains and I never ever pocket the money even if I'm retired and got to the age of 65 then I only need to report the asset to CRA every year but I never ever have to pay tax on it am I correct?
完全解答哂我既問題，多謝
Tammy and Ronny, good explanation for MPF .Thx
多謝家和!
不同人不同說法，有KOL話會收拎mpf時是收增值稅而不是收入稅，而且話不可以入RSP, 不知道可不可以澄清一下呢？
Thanks for sharing!
Our pleasure! Thanks a lot for your support.
Hi, if I have about HKD$140,000 which is less than CAD$25,000 MPF in Hong Kong and I'm already in Canada right now, I only need to report the asset to CRA but I don't have to pay tax until I actually pocket the money am I correct? If so, that means if I switch my MPF to an extremely slow growing fund that mostly holds cash and hardly ever have gains and I never ever pocket the money even if I'm retired and got to the age of 65 then I only need to report the asset to CRA every year but I never ever have to pay tax on it am I correct?
Sorry we don't have expertise to answer this question. Please consult a Canadian CPA for this.
想問如果今年以工簽身分20/3入境，於20/5提取到MPF, 咁仍要當收入計稅嗎？
因為唔係好清楚成為稅務居民的介線，係20/11先住夠183日，係唔係住夠183日前拎返都唔會以收入計稅呢？
先謝謝你解答！
Sorry we don't have expertise to answer this question. Please consult a Canadian CPA for this.
我的處境和你差不多！現想清楚知道何謂稅務居民的定義？
@@CFSO 請問有冇明白香港MPF的會計師可以介紹？因我已在加拿大，但問過好幾個會計師有關取MPF提取事宜及報稅問題，各有不同答案，而佢哋似乎亦唔太了解MPF，所以好想搵有關人事去了解情況，謝謝！
how should I handle the remaining balance of MPF if the total is over maximum amount of RRSP ?
This is a question for a professional. We cannot help.