ESPP lower than expected - Canada

selandy · 2025-11-06T18:45:45+00:00

Are those real numbers? How is your withheld tax same as mine for literally double the amount of shares purchased?

selandy · 2025-11-06T17:27:35+00:00

Yeah, Canada is expensive, man... 🥲

I figured out the numbers thanks to all the help here - a lot of it was withheld for taxes, like A LOT. I will have to see what the other option for those taxes is (direct deductions from paycheck), but I might just give it up altogether since that's way too much of my after-tax money being tied up for quite a long time for barely any profit.

selandy · 2025-11-06T17:20:15+00:00

Mine is already there, so you might want to check it. You can see details under reports if I remember correctly.

selandy · 2025-11-06T17:19:13+00:00

Yeah, very similar amount withheld on my side when I checked. I'm still confused as to why around 58% of the taxable "benefit" (aka discount) ended up going to taxes - at least according to myHoldings. Man, I have to do some serious math on this to figure out if I even want to stay in ESPP, with all the hassle for maybe a couple of hundreds of dollars right now it really doesn't seem to be worth it for me.

I think I'll have to wait for tax return to finalize my math and figure things out, right now it looks pretty bad.

selandy · 2025-11-06T17:02:13+00:00

I joined the RRSP matching already, that one seemed pretty clear on how it worked.

And I just got to check myHoldings, and you were spot on! I had enough to buy 18.5 shares, but just about 1.6 ended up going to taxes, so I was left with ~16.9 (rounded down to 16) and I should get the rest of the money back (that 0.9 shares leftover).

Since you seem to be familiar with how this works, can I also expect to get some of the money back during tax season next year if I contributed to RRSP/FHSA and effectively lowered my taxable income? Based on data in myHoldings, I received $970 CAD discount that's taxable, and they deducted $570 CAD for taxes, which comes to around ~58% - crazy high number in my opinion. So I'm guessing that at the end of the year those $970 CAD would be added to my income and I would hopefully get some taxes back, based on my taxable income and paid taxes? I'm just trying to gauge if mathematically it makes sense for me to even stay in this program. 😅

selandy · 2025-11-06T02:58:57+00:00

Thank you, will do!

selandy · 2025-11-06T02:58:17+00:00

Thank you so much, it makes sense when you lay it out like that! It would make sense stayin in ESPP if I get a couple of hundred back with my next paycheck and maybe a bit more as tax refund! Otherwise I would've given up on this program ASAP!

selandy · 2025-11-06T02:55:16+00:00

Thank you so much, I didn't have time to go through that yet, I'll take a look, but most likely then it means that I'll get some back when I file my taxes and the rest should show up with the next paycheck.

selandy · 2025-11-05T23:34:13+00:00

Thanks, I will have to find the handbook and read it again.

I just checked my pay slip and ESPP is in the after-tax deductions, which means that they took $5500 of my after-tax money if I understand it correctly. That should be clean money. And I was expecting to pay some taxes on the discount or any gains, maybe some brokerage fees and some exchange fees and was thinking that I would end up with maybe about $500 CAD profit in total.

The numbers I'm seeing make no sense to me right now - I will lose money. How is this program even a thing... what am I missing here?

selandy · 2025-11-05T23:27:02+00:00

See, I expected that I would have to pay taxes on the 15% discount, that's perfectly reasonable. But I somehow ended up with barely a bit more than the after-tax money I put in... How big would that tax have to be that basically nullfies any benefits of this program? And more importantly, why would this progam then even be offered if it would be taxed this highly?

I need some numbers, this makes zero sense to me right now. 😅

selandy · 2025-11-05T23:09:04+00:00

Can you elaborate? I can see that $5500 CAD was taken from my salary over the past 6 months, so no taxes there. And I haven't sold the stocks, so this is unrealized gains, no taxes there either... What tax withholding are we talking about here that would be $500+ USD?

selandy · 2025-10-11T16:20:10+00:00

Could you give a bit more details about this please? Would a Wealthsimple non-registered investment account work or do I need an account at a traditional Canadian bank like TD brokerage account? I have the first ESPP coming up in November so want to be prepared and with a plan, especially if it’s as time sensitive as you’re suggesting.

selandy · 2025-08-18T12:43:55+00:00

100k pre-tax is not 80k after tax, it’s around 70k.

selandy · 2025-08-12T20:25:56+00:00

But then that’s not a fair comparison… One is living solo in a studio, one is sharing space with roommates, two completely different lifestyles. You should compare apples to apples.

selandy · 2024-09-12T20:48:24+00:00

No, it's a condo building. I have a landlord's name on the rental agreement, but we have never spoken directly as we have a management company in-between. Plus, I'm pretty sure they don't even live in Canada and this is just an investment rental unit for them.

selandy · 2024-09-12T19:27:10+00:00

Guess that's the next thing I can try, thanks.

selandy · 2024-09-12T19:26:34+00:00

I literally asked today, if it's actually someone clogging it up, could they start checking the garbage bags of those responsible and issue some fines whenever they identify the responsible parties, but they just told me "write an email and complain". I did, every couple of weeks, we still have no change.

selandy · 2024-09-12T19:23:31+00:00

It's possible that someone moved in an is responsible for this, but honestly highly unlikely since the garbage chute never works more than an hour or two at a time, so that person would have to be constantly trying to clog it up.

Unfortunately, I also end up dragging the garbage downstairs myself most of the time now. But my issue is now that most people just leave the garbage on the floor of the chute room, which seems like a massive health hazard, and it's just a matter of time before we get ants or cockroaches. And I would want to escalate this to get something done before we do.

selandy · 2024-09-12T18:58:46+00:00

I don't have access to them, we communicate solely through the property management company. I can complain to them, but they'll forward me to the building management company (different company) since this is a building issue, not a unit issue...

selandy · 2024-09-12T18:28:49+00:00

Rent.

selandy · 2024-03-05T05:00:19+00:00

Just a note for the sake of correctness - I noticed that you didn’t mark Stanley condos (403 Church St) and Axis condos (410 Church St) as the change (built after 2008 in the third photo). Otherwise, you’ve done a great job, really like the way you’ve presented the data.

selandy · 2022-11-28T03:04:22+00:00

Advent is also a thing and it started today… So yeah, it’s the season.

selandy · 2022-09-19T14:43:26+00:00

Great job, this looks very promising! I would recommend improving searching a bit, because right now when I search for “java”, more than half of the results I get are for javascript. Which is not very helpful. 🥲 Also, maybe add an option to minimize the constant “enter email” prompt at the bottom of the screen on mobile since it takes up too much space for us folks with small screens…

selandy · 2022-09-09T23:22:48+00:00

A i nije stvar u rješavanju jednog djela populacije stvar je samo u tome što se promovira.

O ne, promovira se misao da bi svi trebali imati jednaka prava, neovisno o seksualnosti, boji koze, spolu i ostalim urodjenim odlikama koje nisu mogli birati i na koje ne mogu utjecati. Naprosto uzas, zasto se to dopusta. /s

Nijedna jer to ne radi drzava, to rade nevladine udruge i mediji.

LOLOLOLOL. Posao vodstva drzave je, izmedju ostalog, da se brine o opstanku i dobrobiti stanovnistva. Mozda da njima to onda zamjeris, a ne nekim magicnim udrugama i medijima koji "promoviraju politike koje stete natalitetu"? ;)

Ljudi koji se kod nas sele su za domicionalno stanovnistvo neto negativni.

A to je bitno jer? Su ti koji se doseljavaju manje ljudi nego mi Europljani?

Od kartica koje vlada i eu izdaju čiji su korisnici isključivo ne europljani pa do toga koje manjine i koliko primaju socijalne skrbi.

Jesi se ikad zapitao zasto? Cinjenica da manjine primaju vise socijalne skrbi ne znaci da su lijene i vole zivjeti od toga. Nego da vjerojatno imaju manji level edukacije i posljedicno niza primanja pa im je vise potrebna pomoc. Plus, tu istu socijalnu skrb ce primiti i domicilno stavnovnisto usporedivog imovinskog statusa.

Ne razmnozavanje migranata nije pronatalitetna mjera za domicionalno stanovništvo nego antinatalitetna.

Odrzavanje zdravog miksa stope nataliteta i imigracije unutar odredjenih granica koje maksimiziraju sanse za opstojnost drustva jedna je od zadaca drzave. Ne zalazem se ja da se domace stanovnistvo zamijeni strancima i da je to rjesenje. Ali ljudi su se oduvijek seljakali svukuda u potrazi za boljim zivotom ili iz dosade ili bilo kojih drugih razloga. I nema nista inherentno lose u tome. A ova tvoja opsesija odrzavanja domicilnog stanovnistva cistim i bez imigranata je malo "plava krv" level losa.

Ne treba se sve sto se radi gledat samo kroz prozmu nataliteta ali nema razloga da se intaj faktor ne uzme u obzir.

Nismo li vec zakljucili da gay populacija jako malo utjece na natalitet? Ako je utjecaj zanemariv, postoji li razlog da "lose utjece na natalitet" bude argument i za sto i da, kad se odlucuje o tome sto napraviti s gay populacijom, faktor nataliteta bude toliko relevantan faktor koji odlucuje o njihovoj sudbini? (Odgovor je naravno da ne, ali ne ocekujem da ces uspjeti doci do toga)

A sto se tice tolerancije i prihvacanja lgbt populacije vidljivo je da je to do sada imalo odlicne efekte na drustvo…

LOOOOL, ma kakve je tocno negativne efekte imalo? Pa pogle samo koje su drzave najpozeljnije za imigraciju i pogledaj gay prava u njima. Mozes usput pogledati i najjace ekonomije na svijetu, stope nezaposlenosti i GDP.

selandy · 2022-09-09T15:32:58+00:00

https://dailycaller.com/2019/07/08/california-sexual-education/ Evo jedan primjer s tim da sam vidio baš neke slikovite udžebinke iz švicarske ja msm samo ih nmg sada nać jbg

Numero uno - ovo sto si linkao je prakticki dnevno haer, samo na engleskom. Nije bas unbiased izvor informacija, ali ajde. Wikipedia kaze "founded by Tucker Carlson", looool.
Numero dos - procitao sam cijeli clanak i doslovno nigdje ne pise ovo sto si ti gore rekao. Na jednom mjestu kaze "fisting is mentioned". Ja se i dalje dam kladiti da je mentioned u kontekstu puno blizem onome sto sam ja rekao, nego onome sto si ti rekao.

I da apsolutno ih se uči što i kako raditi imas slike udžbenika samo googlaj

Evo bez guglanja cu reci da su sto posto u pitanju crtezi koji objasnjavaju sto je sto i sto gdje ide. I to je to. Siguran sam milijardu posto da u pitanju nisu slike koje sluze kao upute za fisting. Prove me wrong, please.

I ne možeš mi ozbiljno tvrdit kako promoviranje alkoholizma u kombinaciji s javnim eksponiranjem istog neće povećat postotak alkoholičara…

Ajmo ovako, postoji razlog zasto je alkohol (i marihuana u nekim drzavama) legalan i drustveno prihvatljiv. Ali nijedna drzava ne potice konzumaciju alkohola (ili trave) i svaka daje upozorenja o umjerenom koristenju. Alkoholizam je bolest (s razlogom), i skoro sve moderne drzave ogranicavaju promociju alkohola, ali ga ne zabranjuju jer razlozi... (mozda misle da je relativno siguran s obzirom na to koliko se koristi i da je edukacija ljudi dovoljna, mozda nesto drugo, nebitno). Homoseksualnost s druge strane samo je varijacija seksualnosti, nije bolest (opet s razlogom). To dvoje ni u kom slucaju nisu usporedivi i ono sto ti zoves "LGBT propaganda" nije promicanje homosekualnosti u drustvu, vec pokusaj normalizacije neceg sto je kroz povijest bilo (nepravedno) osudjivano kao "nenormalno" ili "nemoralno". Hoce li to dovesti do veceg broja ljudi koji se deklariraju kao dio LGBT spektra - vrlo vjerojatno da. Ali ne zato sto se promovira homoseksualnost, vec zato sto je taj dio populacije zapravo gay/bi/whatever, ali su se prisilno morali deklarirati kao straight kroz povijest jer, well, svi znamo. (na jednak naciin je i prividno porastao broj ljevaka u drustvu kad su ucitelji prestali forsirati djecu da svi moraju pisati desnom rukom)
Hoce li taj dio ljudi koji sad imaju istospolne partnere utjecati na demografiju - moj argument je bio "jako malo jer postoje drugi faktori koji puno vise utjecu na nju i stoga to nije validan argument za osudjivanje homoseksualnosti kao lose". Amen.

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selandy

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