Moving back to Canada from the US - stock options in US

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David, you have come highly recommended by a friend you have just consulted with - he has similar circumstances to mine.
 
I am a Canadian on a work visa in WA, who after 6 years would like to move back to the Canada.  I have many questions but the most pressing is the following:
 
Just prior to coming to the US, I exercised all of my vested stock options and realized capital gain.  Since being in Canada, I have exercised stock options that were granted to me while working in Canada, but that vested while working in the US.  I of course paid US tax.  My question is do I owe any tax to Canada for those Canada options, even if none of the vesting happened while in Canada?
 
I will likely set up time with you to more deeply understand my options for 401k, my house sales, etc.
 
Many thanks,
AXXXXXX
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david ingram replies:
Stock options are not capital gains in and of themselves.  They are considered earned income with special tax situations.
The taxation would have been triggered by the Company. If they issued them as a Canadian benefit, they should go on a Canadian Return and flow over to the US return with a resultant foreign tax credit.
The actual profit should be pro-rated to see what actual values were as yoiu crossed the border. 
Any tax payable to Canada should have been triggered by the departure tax before you left.  In other words, if they had any vesting, that should have been looked after as you moved to the US.  
UIn this scenario, there could have been a calculated loss as you  crossed the border.
Hope this helps and I would be happy to help you with the actual returns.  
Sorry, this took so long to return. Have been inundated with questions.
David Ingram's US/Canada Services
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
108-100 Park Royal South
West Vancouver,  BC, CANADA, V7T 1A2
Calls accepted from 10 AM to 10 PM 7 days a week
Res (604) 980-3578 Cell (604) 657-8451
Bus (604) 980-0321 
[email protected]
www.centa.com www.david-ingram.com
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