ESPP - wtf
So my partner has a sweet ESPP benefit, I don't understand the entirety of the specifics because she doesn't apparently either. General gist, her firm matches up to X amount, no idea if its discounted.
Turns out, based on the apparent value, she holds a not-insignificant amount in company stock. Before I get her hopes up that we can in fact do what she is hoping for, anyone familiar with how these things work?
As I understand, she pays tax on the matched shares in the year they are purchased, with capital gains on the difference between ACB and 'sell' price? Cap Gains being 50% of this amount being claimed as income the year of sale.
How are these things managed? Literally never dealt directly with anything involving stocks. Is there just an offer to sell option and wham, stocks are sold? Do you need to find a broker? Beats me.
Not a clue, got one for me? Thanks.
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