Double taxation UK/Canada
Does anyone have experience with double taxation of company shares / stock options and the best way to get a refund?
I am a UK citizen with Permanent Residence in Canada. I received company stock options while living in the UK and transferred to Canada with the same company 4 years ago. I sold stock options in 2020 in Canada and it seems because I was initially awarded them in the UK, I've been taxed twice. I believe because of the tax treaty between Canada and the UK, I can get a refund on this by filling in a DT (Double Taxation) form, having it stamped in Canada to verify that I pay taxes in Canada and submit to HMRC to process the refund. Has anyone else been in this situation before? Any advice or further information would be much appreciated! |
Re: Double taxation UK/Canada
Originally Posted by Maeve1
(Post 12974366)
Does anyone have experience with double taxation of company shares / stock options and the best way to get a refund?
I am a UK citizen with Permanent Residence in Canada. I received company stock options while living in the UK and transferred to Canada with the same company 4 years ago. I sold stock options in 2020 in Canada and it seems because I was initially awarded them in the UK, I've been taxed twice. I believe because of the tax treaty between Canada and the UK, I can get a refund on this by filling in a DT (Double Taxation) form, having it stamped in Canada to verify that I pay taxes in Canada and submit to HMRC to process the refund. Has anyone else been in this situation before? Any advice or further information would be much appreciated! Took about 6 weeks to get the form back from CRA, tgen about 3 months for HMRC to do the refund. |
Re: Double taxation UK/Canada
Double taxation form: https://www.gov.uk/government/public...nadaindividual
Other useful info: https://britishexpats.com/wiki/Taxes...tion_Agreement :) |
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