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Hi guys, great board, I'm a relatively new investor still in university, learning the ropes and I would appreciate any help in this matter.
I'm a Canadian Citizen
I currently own a good number of US stock options of a particular US company called huntsman corp (NYSE:HUN). namely 1000 Aug5 calls, 900 Aug10 calls and 800 June10 calls in a personal online investment account.
I was wondering about what the tax treatment is for profits from a US stock option, is it still treated as capital gain at 50% taxable, or is it something else? I would like to know because I'm trying to figure out whether I should sell them before expiry, or exercise them (does exercising a stock option the same as selling them in tax terms).
on a related matter, is it different for Canadian stock options?
Thank you so much for any response.
I'm a Canadian Citizen
I currently own a good number of US stock options of a particular US company called huntsman corp (NYSE:HUN). namely 1000 Aug5 calls, 900 Aug10 calls and 800 June10 calls in a personal online investment account.
I was wondering about what the tax treatment is for profits from a US stock option, is it still treated as capital gain at 50% taxable, or is it something else? I would like to know because I'm trying to figure out whether I should sell them before expiry, or exercise them (does exercising a stock option the same as selling them in tax terms).
on a related matter, is it different for Canadian stock options?
Thank you so much for any response.