Tax implications on stock allotment in U.S startups for a Canadian resident

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abhaymahajan
Posts: 1
Joined: Tue Apr 07, 2020 8:13 am

Tax implications on stock allotment in U.S startups for a Canadian resident

Post by abhaymahajan »

Hi guys, needed some help. I’ve recently moved to Canada. I’m going to be getting stock grants in a couple of startups that I’m a part of based out of Seattle, U.S. Can anyone guide me as to the correct declaration and tax mechanisms in Canada? In the U.S one can use the 83b option and declare the grants at current value and pay tax. Later, when one cashes out you get to pay capital gain taxes. Wondering what’s the best way in Canada?
Thanks for the help in advance and stay safe everyone!!

Best,
Abhay
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nelsona
Posts: 18359
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Tax implications on stock allotment in U.S startups for a Canadian resident

Post by nelsona »

They are treated the same way for Cdn tax purposes.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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