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
Tax implications on stock allotment in U.S startups for a Canadian resident
Moderator: Mark T Serbinski CA CPA
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abhaymahajan
- Posts: 1
- Joined: Tue Apr 07, 2020 8:13 am
Re: Tax implications on stock allotment in U.S startups for a Canadian resident
They are treated the same way for Cdn tax purposes.
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