This is a multi-part message in MIME format. ---------------------- multipart/alternative attachment QUESTION: We have recently hired a Canadian citizen to work the sales territory for us in Canada. He was given 4% of annual eraning for PS each year. Under our US 401(k) plan we fund 2% in cash and 2% in company stock. The Co stock portion in the 401 (k) is frozen and cannot be traded, nor can additional stock be bought. We also have a vesting period of 5 years. How can we fund our Canadian citizens PS portion and implement a veating schedule to prevent him from taking the un vested portion should he decide to quit prior to being 100% vested? =------------------------------------------------------- david ingram replies: The last thing a Canadian Resident wants is a 401(K) that he or she makes contributions to. He will NOT get it as a deduction on his Canadian return and have to pay US and Canadian tax when it comes out. With all due respect, this is not the forum to ask this question. You should set up a paid phone consultation, preferably a conference call with the Canadian employee, to get the rules he is living under clear to everyone. I would charge $350 an hour / minimum to deal with this david ingram ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/fb248bc0/attachment.htm ---------------------- multipart/alternative attachment--
