Search found 5 matches

by hi_rahul
Sun Apr 12, 2020 2:58 am
Forum: Canada / United States Tax & Accounting
Topic: Selling RSUs while moving from US to Canada
Replies: 7
Views: 4941

Re: Selling RSUs while moving from US to Canada

nelsona wrote:
>
> Your analysis is correct IF you are not a US taxpayer at that time. You
> would best do this in the year following your departure from US, since most
> file a full year tax 1040 in the year of departure.
>

Hi nelsona, Thanks for your inputs so far. Could you kindly elaborate on ...
by hi_rahul
Fri Apr 10, 2020 2:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Selling RSUs while moving from US to Canada
Replies: 7
Views: 4941

Re: Selling RSUs while moving from US to Canada

nelsona wrote:
> The FMV will be on the date you become resident, which is the date of
> arrival you indicate on your Cdn return. It is known as deemed acquisition
> on arrival and is the complement of deemed disposition on departure.
>
> US has no such scheme, since there is the assumption you ...
by hi_rahul
Wed Feb 05, 2020 2:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Selling RSUs while moving from US to Canada
Replies: 7
Views: 4941

Re: Selling RSUs while moving from US to Canada

Thanks for the response.
I am not a US citizen or Green card holder. In case I sell my RSUs AFTER moving to Canada, what fair market value (FMV) should I consider for determining the capital gains. Is it the value of the stock on the date when I moved to Canada and became a tax resident, or is it ...
by hi_rahul
Wed Feb 05, 2020 4:04 am
Forum: Canada / United States Tax & Accounting
Topic: Selling RSUs while moving from US to Canada
Replies: 7
Views: 4941

Selling RSUs while moving from US to Canada

Quoting a question on RSU sales, Any response is appreciated.

Hello all, I will be moving from California, the US to Canada permanently In Sep 2019. I have some RSUs that were granted to me by my US employer and have vested. There has been a 30% withholding in the US for all of these RSUs but I ...