Hacker News new | ask | show | jobs
by xyzzy_plugh 17 days ago
The not-so-top secret way to get rich as a Canadian new grad in tech is to get a job at a unicorn by way of TN status, hop around for ~5-10 years, possibly getting an H-1B, but never pursuing a greencard.

Accumulate wealth by any means necessary. If you find yourself with nice RSUs or options, hang on to them or exercise them, respectively.

When you're fed up move back to Canada and enjoy no exit tax and enjoy the step-up cost basis on all your assets. Sell all your RSUs and pay nearly zero capital gains. Use your imagination here.

(If you are unlucky and only have losses, well, you'll never really be able to use them tax-wise.)

1 comments

How do they get the cost-basis reset?
Canada counts it from the moment you entered it as domicile
So you just change your address in your broker? Or do you need to transfer the stock to a Canadian broker?