Stock Option question USC Can Res Commuter to USA work

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stewak2
Posts: 109
Joined: Mon Sep 18, 2006 2:47 pm

Stock Option question USC Can Res Commuter to USA work

Post by stewak2 »

I have options I could exercise that would have a value of about $50k, that is difference between option price and current market value.
Dual citizen, Canadian resident, commuting to work in USA for US company ( whose stock is the one in question ).
My initial research seems to show that in both USA and Canada I will be taxed on the 50K as regular employment income, not as captial gains, and I would be able to use the US tax to offset the Canadian tax payable just as I do for all other regular employment income.

The amount would be similar so there is no particular planning or special considerations involved in executing the options.
Is this correct?
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nelsona
Posts: 18375
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Sounds about right.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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