I work for a US-based company, but in their Toronto, Canada offices. On a monthly basis, I receive some amount of stock options in the Private corporation, which is based in the USA. I can exercise these stock options at a later date.
My question is how do the tax implications work, if and when I decide to exercise my stock options? I know that I have to go through the IRS and the CRA, but I'm not sure how that would work. Any help is much appreciated!