Malenkov Mfg. Ltd. granted Ms. Yampolsky, its vice-president, an option to purchase 10,000 shares for $5 per

Question:

Malenkov Mfg. Ltd. granted Ms. Yampolsky, its vice-president, an option to purchase 10,000 shares for $5 per share. On March 10, 2016, she acquired the 10,000 shares under the option. The following pertains to the shares:

image


REQUIRED
(A) Determine the tax consequences on the above dates if Malenkov Mfg. Ltd. was:
(i) A public company, or
(ii) A CCPC.
(B) Redo Part (A) assuming the exercise price had been set at $10 per share.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Federal Income Taxation In Canada 2016-2017

ISBN: 9781554968725

37th Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

Question Posted: