I believe I would fall under the Employee Stock Option, if you dedicate a percentage of your salary to the purchase of stock my company will match one third of your amount up to a max. but you need to hold the shares they give you for a minimum of 2 years. What are my tax implications in this scenario when I sell shares?
The price you bought at should be your acb since they didnt give you discount but instead gifted you additional shares. You pay taxable benefit on the shares. These are more like espp and not stock options
@@JackyKuk from the info I received I was informed that all SHARE/DIVIDENDS amounts considered taxable income will be reported on my tax slips. But I kept digging to understand what this means and it seems that company contributions and dividends become part of my taxable income in the year shares are purchased and available. The dividends paid become part of my taxable income in the year they are reinvested in my account.
11:03 HAHAH dislike button twice Great video thanks !! Hmm so basically, with stock options, is this not an excellent form of compensation vs. salary? seems like its taxed less than salary since its 50% correct?
Would you recommend selling ESPP and repurchasing Via TFSA? If you plan to hold? So that future gains are tax free?
Yep thats another great option
I believe I would fall under the Employee Stock Option, if you dedicate a percentage of your salary to the purchase of stock my company will match one third of your amount up to a max. but you need to hold the shares they give you for a minimum of 2 years. What are my tax implications in this scenario when I sell shares?
The price you bought at should be your acb since they didnt give you discount but instead gifted you additional shares. You pay taxable benefit on the shares. These are more like espp and not stock options
@@JackyKuk from the info I received I was informed that all SHARE/DIVIDENDS amounts considered taxable income will be reported on my tax slips. But I kept digging to understand what this means and it seems that company contributions and dividends become part of my taxable income in the year shares are purchased and available.
The dividends paid become part of my taxable income in the year they are reinvested in my account.
Hi do you know if that new rule related to stock options has passed? It seems like it’s still just a proposal?
Its passed as of july 2021
Hi I am looking for a good financial advisor in Ontario, please advise
Email us at jacky.teaches.finance@gmail.com
11:03 HAHAH dislike button twice
Great video thanks !!
Hmm so basically, with stock options, is this not an excellent form of compensation vs. salary? seems like its taxed less than salary since its 50% correct?
It is you are right
@@JackyKuk excellent lol
thanks for the reply! love your channel - new sub here