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HK PR Only: How are you getting your HK$6000 in Canada? Now with Bank of China info!

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  • Feb 24th, 2015 12:52 pm
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Apr 29, 2002
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HK PR Only: How are you getting your HK$6000 in Canada? Now with Bank of China info!

As you may know, a sum of HK$6,000 will be given to each holder of a valid Hong Kong Permanent Identity Card (HKPIC) aged 18 or above starting Aug 28.
The problem is, you have to get it through a HK-based bank in Canada, or pick it up in person in HK. You only qualify if your HKID has "***" or "A" in the code.

While HSBC charges $200 to get an HKD account set up, Bank of China now offers the same service for $60:
http://www.bankofchina.ca/portal/adCont ... =88&lang=1
Account Opening Witness Service for BOC (Hong Kong) is developed to provide convenience for customers in Canada who are eligible to receive HKD6,000 handouts under the Hong Kong Government's “Scheme $6,000”.

We will help you open accounts with Bank of China (Hong Kong) by verifying your original Hong Kong Permanent Identity Card (HKPIC) and proof of address, and witnessing their signatures on each of the required documents.

Bank of China (Canada) only provides the service of verifying customer identity and witnessing the execution of account opening documents on behalf of Bank of China (Hong Kong) and sending the documents to the account opening branch of BOCHK. The account opening process should not be deemed completed or approved until you are notified by BOCHK of such and with further confirmation on when the account can be operated.

Our standard service fee is C$60.00 (mailing charges inclusive).
Please note, the account to be opened is subject to the laws and regulations of Hong Kong and not those of Canada.

For more inquires, please call 1-877-823-2288 (Toll-free) or visit our branch.

Please refer to the following link for the relevant information.
Details of scheme $6000:
http://www.scheme6000.gov.hk/eng/index.html

Account Opening Form
http://www.bochk.com/content/3/522/2/acc_open.pdf
896 replies
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Nov 18, 2008
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simms wrote:
Jul 21st, 2011 10:55 pm
I heard HSBC charges a $200 fee to get the account set up....

Unfortunately this seems to be the ONLY way without making a trip to HK, and you also have to deposit a minimum of HK$10,000 to avoid fees for the SmartVantage account. HSBC Advance customers have to pay $100, and the service is free for Premier clients.

And having a relative with an HSBC Premier account won't help as apparently the account has to be in your single name and not joint, and my parents will have to go to the hassle of opening up their own accounts.

If you can make the trip to HK then the Bank of China and Hang Seng have Savings accounts that have no minimum balance and can be opened with a Canadian address.
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Dec 30, 2005
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A few of my colleagues are going the HSBC Premier route and setting up an account from Canada...
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Feb 15, 2008
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How do I get a Hong Kong Permanent Identity Card?
TodayHello wrote:
Oct 16th, 2012 9:06 pm
...The Banks are smarter than you - they have floors full of people whose job it is to read Mark77 posts...
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Feb 15, 2008
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Does this payment have to be declared as taxable income on a Canadian tax return?

Will the CRA audit each and every Canadian tax return from a Hong Kong-Canadian dual national who fails to disclose such a payment as income?
TodayHello wrote:
Oct 16th, 2012 9:06 pm
...The Banks are smarter than you - they have floors full of people whose job it is to read Mark77 posts...
Deal Guru
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Dec 30, 2004
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so does that mean.. Right to Land (RO) status card holders can get it?

Edit: Guess Not
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Feb 19, 2004
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I already have a HK bank account :)
But have to wait till October to register :(

edit: crap, it's near the end of October for me, argh!
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Aug 24, 2008
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My wife is going the HSBC route. We sent in the paperwork a couple of weeks ago to open an account in her name.
Mark77 wrote:
Jul 21st, 2011 11:51 pm
Does this payment have to be declared as taxable income on a Canadian tax return?

Will the CRA audit each and every Canadian tax return from a Hong Kong-Canadian dual national who fails to disclose such a payment as income?

I asked this question elsewhere and someone pointed out that since this is effectively a tax refund of sorts it really shouldn't be viewed as taxable income. CRA's opinion, of course, could differ. Besides, how would CRA know which Canadians have HK permanent residence?
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How hard is to get HK Permanent Resident for a Canadian who has no links to HK? Free money is worth the effort. ;)
For Sale in Calgary :
PS4 GAMES - NHL 16 + NBA LIVE 16 + Assassin's Creed Syndicate = $85
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Mrbj wrote:
Jul 22nd, 2011 12:21 pm
How hard is to get HK Permanent Resident for a Canadian who has no links to HK? Free money is worth the effort. ;)

According to Google today:
6000 Hong Kong dollars = 731.788942 Canadian dollars

It's not worth THAT much effort...
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Mrbj wrote:
Jul 22nd, 2011 12:21 pm
How hard is to get HK Permanent Resident for a Canadian who has no links to HK? Free money is worth the effort. ;)

Live there for 7 years. Never mind that housing over there is insanely expensive and inflation is through the roof at around 5%.
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tng11 wrote:
Jul 22nd, 2011 1:01 pm
Live there for 7 years. Never mind that housing over there is insanely expensive and inflation is through the roof at around 5%.

Wages are terrible as well.

Wages in Hong Kong at Cafe de Coral (大家樂), a fast food restaurant
click on photo for translation and job description.

Image
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ak-47 wrote:
Jul 22nd, 2011 1:11 pm
Wages are terrible as well.

Wages in Hong Kong at Cafe de Coral (大家樂), a fast food restaurant
click on photo for translation and job description.

The chilling reality seems to be that a lot of people on RFD would love to see wages like these in Canada and further widening the rich/poor gap which is getting worse and worse in HK these days.
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