Expert: Steven Taylor - 4/18/2009

Question
My husband has been granted stock options from  the compny he works for.
We are moving to Canada. He has been offered a transfer with the same
company. He's gone ahead and we follow next month. He wanted to sell
some of these shares last week so that we have a bit of money to help us
with relocation costs. He's been told that he will pay both uk and canadian.
Tax on the proceed they were granted in the uk but  he is now in Canada!!
Help . Is this true?

Answer
Sue, international tax laws are not my area of expertise, so there really is nothing I can help you with here. However, most large international companies that grant options will have a contact (either in the company or their option advisor) who is, and is available to answer such questions as this. I suggest your husband contact his employer and see if he can get in touch with the advisor about this issue.