I immigrated to Canada for many years, have been naturalized, work in Canada and have assets in Hong Kong. Do I have to pay overseas property tax?

At any time of the year, Canadian tax residents are required to fill out the T 1 135 Declaration Form for Overseas Income Proof if the total cost of holding a specific overseas property exceeds100000 Canadian dollars. This is just a declaration of assets, and overseas property tax is not paid. The tax bureau will calculate the value-added with you when the assets are sold. Or income (such as rent) from overseas real estate may be taxed.

Personally, I think Baidu Q&A can't replace local professional opinions. What city are you in? My old accountant friend is only in Toronto, and he can't help it. You can contact me by email in your profile.