Personal Finance

Rogers Employee Stock Purchase Plan (ESPP) - tax question

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  • Dec 23rd, 2019 12:14 pm
Jun 6, 2012
58 posts

Rogers Employee Stock Purchase Plan (ESPP) - tax question

My spouse has been contributing to the Rogers ESPP for years and recently sold some of her shares for the first time. Know tax time is a ways away but wondering if anyone has been part of the Rogers ESPP before and know what sorts of documentation they will provide/what resources to leverage in relation to calculating FMV/figure out cap gains?
1 reply
Aug 14, 2011
368 posts
Rogers will issue a T5 for Return of Investment income. This form will provide the book value of the shares that you sold. This book value won't import into any DIY tax software (TurboTax), if you forget to manually put in the book value you will be in for a big surprise as whatever you withdrew from shares will be pure income.

Another way to mitigate any tax issues is to put what you withdrew in shares into an RRSP for this year.

Hope that helps,