Hi all, first post!
Just moved to HK 4 days ago looking for some advice with tax and such. I plan to be in HK for at least a few years or permanently settle down.
I been working in Toronto for the last 5 years. I own a condo in which I am getting monthly income and have a mortgage. My parents still live in Canada. I have TFSA with questrade and RRSP with TD mutual fund. Also have few credit cards and bank account in Canada.
I'm currently getting place/bank account and everything setup in HK. What do I need to do on the Canada side to close ties with CRA? I am going to declare as non-residence and file withholding tax 25% of my rental income.
Also am I able to reclaim CPP or EI contribution in the past..?
Let me know what are the list of things I need to think about .. any advice is welcome, thanks.