Liquidated StockOptions to RRSP account
Hello guys,
I have recently changed jobs and at my last work place I took part in the employee sponsored Stock Option plan. Now that I am no longer with them I need to make a decision on what needs to be done with the Stocks.
I am planning to liquidate them and transfer the cash to my RRSP account and the company has an option to do that as long as i provide them my RRSP account information.
I am just wondering if let the company do the transfer, will it still count as Capital Gain and will be subject to income tax?
Is there any way i can avoid taxes incurred by such a transaction?
many thanks,
jD.
I have recently changed jobs and at my last work place I took part in the employee sponsored Stock Option plan. Now that I am no longer with them I need to make a decision on what needs to be done with the Stocks.
I am planning to liquidate them and transfer the cash to my RRSP account and the company has an option to do that as long as i provide them my RRSP account information.
I am just wondering if let the company do the transfer, will it still count as Capital Gain and will be subject to income tax?
Is there any way i can avoid taxes incurred by such a transaction?
many thanks,
jD.
justDeals is not a member of any public groups and a very unsatisfied Questrade customer.