In the case of Stock Option Plans
Any taxes to be withheld are determined by the individual stock option plan. Your company will specify if payroll taxes at source apply to the exercise of your options or to the release of restricted stock awards. Withholding rules may vary by award or type of transaction. Please review your plan document, contact your company plan administrator, or contact us for more details on the application of taxes to your transactions.
In the case of Share Purchase Plans
For non-registered accounts, there will not be withholding taxes applied to your gross proceeds. For withdrawals from registered accounts (DPSP/RRSP), withholding taxes may be applicable depending on the type of withdrawal requested. Please review your plan document, contact your company plan administrator, or contact us for more details on withholding taxes applicable to your account.
As an employee, it is your responsibility to understand all tax implications that impact your equity and/or share purchase holdings.
