How to Buy Justworks (JW) Stock in Canada When It Goes Public

On January 12, 2021, Justworks announced it was postponing its plans to have an IPO on the Nasdaq. Here's what we know about the IPO so far and how to buy Justworks stock in Canada.

Finder's top picks on where to buy Justworks stock when it goes public

Go to site

Easy to use app

100 free trades signup offer
Easy-to-use platform
Low fees
Student and young investor discounts

Go to site

Low margin rates

Access to international stock exchanges
Low margin rates
Powerful research tools

Go to site

CA & US trading

6% cash rebate plus $2,200 in trading perks
Low transaction fees
Easy-to-use app

Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

What we know about the Justworks IPO

On December 16, 2021, Justworks—a New York based company that provides payroll, benefits, HR, and compliance solutions for businesses—filed a prospectus with the US Securities and Exchange Commission (SEC) to go public. You can view the most recent version of the document here.

It had planned to offer 7 million stocks on the Nasdaq Global Select Market under the ticker symbol "ENSB." Altogether, Ensemble had hoped to raise around $605 million from the IPO. Stocks were expected to begin trading on January 13, 2022 at a price of $29.00–$32.00 per stock.

On January 12, the day before the offering was expected to take place, Justworks announced it was postponing the IPO. "Market conditions" have been cited as the reason for the postponement. The company has not announced a future IPO date.

We'll update this page as more information becomes available.

Note: all dollar amounts on this page are in US dollars unless otherwise stated.

How to buy Justworks stock when it starts trading

Once Justworks goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

Compare stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
Open your brokerage account. Complete an application with your details.
Confirm your payment details. Fund your account.
Research the stock. Find the stock by name or ticker symbol – JW – and research it before deciding if it's a good investment for you.
Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Will I be able to buy Justworks stock in Canada?

You won't be able to buy Justworks stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.

Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).

Buy Justworks stock from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 6 of 6

Product CAFST	Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Account Fee	Offer
Interactive Brokers	Finder Score 9.2 Excellent	Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures	RRSP, TFSA, Personal, Joint	min $1.00, max 0.5%	$0		Go to site View details Compare	loading Fetching your data...
CIBC Investor's Edge	Finder Score 8.7 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint	$6.95	$0 if conditions met, or $100	Get 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.	Go to site View details Compare	loading Fetching your data...
Moomoo Financial Canada	Finder Score 8.9 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal	$0.014/stock	$0	Enjoy a 6% cash rebate, plus $2,200 in trading perks.	Go to site View details Compare	loading Fetching your data...
RBC Direct Investing	Finder Score 8.5 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business	$6.95 - $9.95	$0 if conditions met, otherwise $25/quarter		Go to site View details Compare	loading Fetching your data...
Questrade	Finder Score 8.9 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal	$4.95 - $9.95	$0		Go to site View details Compare	loading Fetching your data...
Qtrade Direct Investing	Finder Score 8.6 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	RRSP, RESP, RRIF, TFSA, Personal, Joint	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Get 1% cashback or more, a $150 sign-up bonus & unlimited free trades until April 30th, 2025.	Go to site View details Compare	loading Fetching your data...

loading

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Tax implications of buying US stocks in Canada

Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.

An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.

Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.

Speak with a tax professional to find out what rules and exceptions apply in your circumstances.

Related: Online stock trading

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More on investing

Thank you for your feedback!

More resources on Finder

How to buy Verdant Earth Technologies Limited (VDNT) stock in Canada when it goes public COVID testing stocks

More guides on Finder

How to buy Raytheon Technologies (RTX) stocks
Steps to owning and managing Raytheon Technologies Corp, with 24-hour and historical pricing before you buy.
How to buy Gildan Activewear (GIL) stocks
Steps to owning and managing Gildan Activewear Inc., with 24-hour and historical pricing before you buy.
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.
Best stocks to buy right now in Canada
Finder’s unique algorithm found the 20 best TSX stocks to buy right now.
How to buy IL Makiage stock in Canada when it goes public
Everything we know about the IL Makiage IPO plus information on how to buy in.
How to buy ByteDance stock in Canada when it goes public
Everything we know about the ByteDance IPO plus information on how to buy in.
How to buy Auvik Networks stock in Canada when it goes public
Everything we know about the Auvik Networks IPO plus information on how to buy in.
How to buy goPuff stock in Canada when it goes public
Everything we know about the goPuff IPO plus information on how to buy in.
How to buy Universal Music Group (UMG) stock from Canada
If you live in Canada, you need a broker that provides access to foreign investments to buy Universal Music Group stock.
How to invest in the S&P 500 in Canada
Find out how to invest in the S&P 500 in Canada—one of the world’s most popular stock indices—to diversify your portfolio.

Ask a question

Click here to cancel reply.

You must be logged in to post a comment.

How to buy Justworks (JW) stock in Canada when it goes public

Here's everything we know so far about the Justworks IPO.