How to calculate Capital Gain

[Codergymer]

Hi All,

I was internal transferred in the company from India to Canada . I have question Regarding the RSU I hold when I was transferred
explanation

1. I was awarded share of X company listed on Nasdaq on March 2019 at a price of 200$
2. I arrived in Canada on PR in Aug 2022 when the price of X company share was 300$
3. If I sell these shares in March 2023 at a price of 350$

How the capital gain will be calculated?

Purchase price of 200$ will be considered or
price of 300$ ( Price when I landed in Canada ) will be considered ?
Any pointers will really help
TIA

 

[Naturgrl]

Hi All,

I was internal transferred in the company from India to Canada . I have question Regarding the RSU I hold when I was transferred
explanation

1. I was awarded share of X company listed on Nasdaq on March 2019 at a price of 200$
2. I arrived in Canada on PR in Aug 2022 when the price of X company share was 300$
3. If I sell these shares in March 2023 at a price of 350$

How the capital gain will be calculated?

Purchase price of 200$ will be considered or
price of 300$ ( Price when I landed in Canada ) will be considered ?
Any pointers will really help
TIA

Not an immigration question so ask a tax specialist or accountant.

 

[caninfoseeker]

Hi All,

I was internal transferred in the company from India to Canada . I have question Regarding the RSU I hold when I was transferred
explanation

1. I was awarded share of X company listed on Nasdaq on March 2019 at a price of 200$
2. I arrived in Canada on PR in Aug 2022 when the price of X company share was 300$
3. If I sell these shares in March 2023 at a price of 350$

How the capital gain will be calculated?

Purchase price of 200$ will be considered or
price of 300$ ( Price when I landed in Canada ) will be considered ?
Any pointers will really help
TIA

When you become landed immigrant it is assumed that you sold your assets and repurchased on same day at the fair market value. Your capital gain will be calculated from this reference point.

 

[Codergymer]

When you become landed immigrant it is assumed that you sold your assets and repurchased on same day at the fair market value. Your capital gain will be calculated from this reference point.

Thanks for the response .. can you please share a link that I can read having this information