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Listen An employee of a public Canadian corporation receives an option to purchase 1,000 of her employer's common shares at $20 per share in July

Listen An employee of a public Canadian corporation receives an option to purchase 1,000 of her employer's common shares at $20 per share in July 2016. At this time, the fair market value of the stock is $19 per share. In March, 2017, when the fair market value is $26 per share, she exercises the option and immediately sells the shares. By what amount do these transactions increase her Taxable income?


$3,500 in 2020

$3,000 in 2020

$1,000 in 2019

$6,000 in 2017

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