Hello. I'm moving from CAN to US for work (will be non-resident in CAN) and I want to know what would be the tax implications on my stock options. I work at a US tech firm and the stock options are granted monthly as NSO. I have a portion granted while living in Canada and will continue to be granted after moving to US.
I'm wondering:
1) In general, do stock options get taxed when they are granted or exercised?
2) For the portion granted in Canada, do you recommend that I exercise them before leaving for US for tax saving purpose? If exercised after I move to US, will it be double taxed by both US and Canada?
CA & US tax on company stock options
Moderator: Mark T Serbinski CA CPA