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An employee of a public Canadian corporation is granted an option to purchase 1,000 of the employer's common shares at $20 per share in July,
An employee of a public Canadian corporation is granted an option to purchase 1,000 of the employer's common shares at $20 per share in July, 2021. At this time, the FMV of the stares are $19 per share. In March, 2022, when the FMV is $26 per share, she exercises the option and immediately sells the shares. What is the net increase to her 2022 taxable income?
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