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Employee Stock Purchase Plan

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    • August 5, 2023 at 01:06 #19568
      Kathryn HillKathryn Hill
      Participant

        Cathy, I worked with share purchase plans many years ago and your steps above sound reasonable. What I might do is talk to your internal finance tax/audit department for their interpretation of the CRA rules. I sometimes talked things like this over with external auditors if you are comfortable with that. You can always reach out to CRA or NPI infoline if you have a specific question.

        • August 10, 2023 at 11:58 #19643
          Cathy StinzianoCathy Stinziano
          Participant

            Thanks Kathryn and yes, we have been having meetings with finance and our tax department so everyone is on the same page.

        • August 11, 2023 at 12:53 #19684
          Harman Dhatt PCPHarman Dhatt PCP
          Participant

            Hi Cathy,
            I also worked with share purchases. You are right; you will be selecting a taxable benefit for the difference between the stock price and employee purchase. Your steps are correct.

          • August 16, 2023 at 22:05 #19844
            Susan SamudaSusan Samuda
            Participant

              Hi Cathy,
              Your set up sounds fine. The suggestion I have is to make sure your refund code will work without the employee getting paid a pay. Sometimes you will find you make need to do a refund after termination when there is no pay.

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