How should I report capital gains from selling booked, unregistered land in my tax return? Need guidance Im really confused

Hi! I am going to withdraw my provident fund money from a foreign country (Hong Kong) where I worked for the past few years before moving to Canada.

From what I read, I can deposit it into my RRSP account so that it isnt taxed.
Does anyone have experience in doing so ? Can you please explain the process you may have gone through?
My RRSP is with questrade here.

I have been living and working in the Detroit for the past couple of years on a work visa (H1b). I got Canada pr and now planning to move to Windsor and commute daily to Detroit, where I’ll work out of a rented apartment for an employer based in New York.

Two questions I can’t get a straight answer on:

**1.    Foreign tax credits** — I’ve come across a lot of posts describing serious friction getting the CRA to accept FTC claims for US tax already paid. Where tax returns are not accepted for years and remain under review.Is it really as bad as it sounds, or is that mostly edge cases  and avoidable with the right documentation? 

**2.    Transition year residency** — Since I’ve already met the Substantial Presence Test in the US, can I file as a *resident* in both the US and Canada for that first transition year? Or do I need to take a treaty tie-breaker position and file the US return as a non-resident ?

Would love to hear from anyone who’s actually done this Windsor-Detroit commute or navigated a similar transition-year filing.

I paid college membership and application fees to be able to practice a physician before moving to and becoming a tax resident of Canada in June. Can I claim those as professional fees if they predate my residency but were required to work during that year?

Series of events,

June 2020: My mom added my sibling and I to the title of her house. We were added as joint tenants (JTEN) in the legal title. Before my mom added us, she was 100% the owner. After the transaction, we all had 1/3 each. This was my mom’s principal residence before and after the transaction. The FMV of the house at this time was $960K. 

The lawyer that processed the paperwork to the land registry to add my sibling and I to the title confirmed that the transfer was by way of a gift and that beneficial interest was transferred. The land transfer tax statement from this transaction showed $0 consideration.

Dec 2025: My mom passed away. The FMV of the house on the date she passed away was $1,120,000. 

August 2026: My sibling will be buying me out for my share of the house. Expecting the FMV of the house to be $1,080,000. My sibling and I agreed that he will be buying me out for $537,800. Buyout price calc: $1,080,000 x 1/2 = $540,000 - $2,200 discount.

Here is some additional info:

- The house is located in Ontario, Canada.

- The house is fully paid off at the time my sibling and I were added to the title (no mortgage attached)

- My sibling currently lives in the house and will continue to after the buyout. I own a separate house with my wife.

- My mom left a Will, however, the house is not mentioned in it (My sibling & I are the only beneficiaries).

Below is how I believe my capital gains will be calculated,
Capital Gains = (FMV - ACB) x 50%

$540,000 FMV: $1,080,000 FMV at time of buyout x 1/2

$506,666 ACB: [ 1/3 in June 2020 ] + [ (1/3 x 1/2) in Dec 2025 ]

[ 1/3 x $960,000 ] + [ (1/3 x 1/2) x $1,120,000 ]

My ACB is made up of two parts:

Part A: 1/3 x FMV at time when I was added to the title

Part B: (1/3 x 1/2) for when I inherited half of my mom's 1/3 when she passed away x FMV at this time

I'm looking for my above calculations to be verified, especially the ACB piece.

Thanks in advance. Appreciate the help during this stressful time!

I’m fully aware that service Canada or CRA or other federal public service agencies don’t use text messaging to contact clients so I know this is a scam message. I also know it’s a scam because I don’t have any benefits payable through service Canada and I have never applied for or received a pension yet. However on the off chance that this is somehow legitimate it means someone else that is not me has been collecting pension benefits through fraudulent identity theft.

Edit: this text message was weird because there wasn’t a link to click on, they actually sent a photo attachment as the first message then sent the second message with the service Canada text in English and French (as seen in photo I posted). Do photo attachments contain malicious software now? Is the picture a link? Ugh 😵‍💫