Moving Shares Overseas

1

14Kramer

Registered User
Messages
4
Hello,
I spent my entire career working with an American company in Ireland during which time I invested tax free into the company shares through a bonus scheme.

On retirement I emigrated to Canada where now I have become a citizen and tax payer. I pay taxes in both countries

I am considering moving my company shares into a Canadian brokerage account. What if any are the tax considerations I need to be aware of before I execute the transfer?
 
Why are you paying taxes in Ireland now, if you are a resident of Canada?

Not being nosey — we need to know what continuing connection you have with Ireland in order to have a view about whether that connection might result in you having an Irish tax liability in relation to the shares you got through the employee share scheme.
 
I still pay taxes in Ireland on the following:
1. Occupational Pension
2. ARF Withdrawals
3. Rental income
 
1. Occupational Pension - presumably this is from public service ? A pension from working in the private sector is usually only taxable in your country of residence

2. ARF withdrawals - don't know about these

3. Rental profits are usually taxable in the country where the property is located
 
My occupational pension is from the private sector and is currently taxed in Ireland. I have only been a taxpayer in Canada since April 2021

My original question was about the advantages and disadvantages of moving shares accumulated through a employer tax advantaged scheme to a Canadian brokerage account
 
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