US stock options

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
Cdntechgirl2023
Posts: 1
Joined: Wed Apr 17, 2024 6:20 pm

US stock options

Post by Cdntechgirl2023 »

I’m a Canadian living in Canada working for a US company. I get US stock options. They haven’t been putting them on my T4 the last few years when I’ve exercised them. I have declared the 1042 I received for the stock purchase program, but not options. What is the likelihood of discovery? Anything I can do to minimize risk? The amounts are significant.
nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: US stock options

Post by nelsona »

They need to be reported. Period.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Post Reply