[Canada] Do I need to calculate capital gain/loss on RSU sold by my company to cover for taxes

Uber
Giveon

Go to company page Uber

Giveon
Mar 31, 2021 3 Comments

I work in Canada, as a result the shareworks brokerage does not provide tax forms for our RSU vesting. Do I need to compute capital gains/losses on RSU shares sold by Uber to cover for taxes?

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  • Amazon
    wjnw6

    Go to company page Amazon

    wjnw6
    There is no capital gains on shares you sell to cover tax. You receive and sell them at the same price. Capital gains only occurs for stocks you hold after receiving and sell at a higher price
    Mar 31, 2021 2
    • Uber
      Giveon

      Go to company page Uber

      Giveon
      OP
      So in my RSU brokerage report it doesn’t show that I received and sold at the same price. It shows that I received my shares at $30 but then it was sold to cover a couple days later for $29.
      Mar 31, 2021
    • Wish
      EhXd21

      Go to company page Wish

      EhXd21
      Not a tax professional but that should be a capital loss then of $1
      Mar 31, 2021