RE:RE:RE:Doesn't anyone here ever look at SEDI? I only see that Uber pumpers posts if they are quoted but damn, he could hardly withhold his emotive insiderish retort to you in that response. He has no clue how transparent he is. Cracks me up.
sorrenson wrote: The tax is payable at end year like all taxes . And are you seriously asking us to feel sorry for the man who has tens of millions while delivering zip to the shareholder..seriously ? Oh the poor millionaire has to pay some taxes while investors get to eat losses ....
His money is from shareholders pockets.
Great fro you as you are over 3 years and pumped it up but anyone who bought in last 2 plus years is RED,. ..
developbc wrote: tamaracktop wrote: On November 29th, Pierre Carabin excercised 40,000 options at .52.
On the same day he sold 40,000 shares at $1.0684.
He's a good day-trader.
Once again...Those options trigger tax bill plus tax on gains....so need to sell is of zero concern
CRA tax on stock options: Under CRA rules when a stock option is exercised it triggers a FULLY TAXABLE benefit which is equal to the difference between the exercise price and market value of the shares which is pegged as the previous last trading day closing price. You can NOT postpone the timing of tax payable.
After exercising(buying) the shares, one can either immediately sell the shares OR hold onto them but will still be subject to the triggered taxes payable.
Sale of shares captial gain tax are also applicable.
So for clarity: The options exercised are immediately triggering a tax payable AND the sale of the shares is also taxable under capital gain.