Annie is an employee of ABC Ltd., a Canadian controlled private corporation. On April 1, 2015, ABC Ltd. granted Annie stock options to buy 10,000 shares in the company at an exercise price of $25 per share.

On February 16, 2016, she exercised a portion of her options and received 8000 shares. On March 31, 2019, Annie exercised the remainder of her options. On May 1, 2019 she sold all her shares.

ABC Ltd. shares had the following fair market values -

April 1, 2015 $27 per share

February 16, 2016 $42 per share

March 31, 2019 $33 per share

May 1, 2019 $45 per share

a) For each taxation year 2015, 2016 and 2019, indicate the effect of the above transactions on Annie's income from employment.

b) For each taxation year 2015, 2016, and 2019, indicate the effect of the above transactions on Annie's income for income tax purposes.

c) For each taxation year 2015, 2016, and 2019, indicate the effect of the above transactions on Annie's taxable income