Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.
Getting paid in stocks doesn’t affect how much income you report though. Shares are taxed as income as soon as they vest, and options are considered income when you exercise them at the difference between fair market value and the strike price.
It is only additional capital gains after that point that are taxed at the reduced rate because it is the same starting point as if you bought the shares on the open market.
Getting paid in stocks doesn’t affect how much income you report though. Shares are taxed as income as soon as they vest, and options are considered income when you exercise them at the difference between fair market value and the strike price.
It is only additional capital gains after that point that are taxed at the reduced rate because it is the same starting point as if you bought the shares on the open market.