In December 2018, Ms Milli Van was granted options to buy 1,800 of her employers shares at a price of $4250 per share At this time, the shares have a fair market value of $4500 per share Her employer is a Canadian controlled private corporation In June 2019, when the shares have a fair market value of $7500 per share, she exercises all of her options In September 2020, Ms Van sells her shares for $88,200 ($4900 per share) What is the effect of the exercise of the options and the sale of the shares on Ms Vans 2019 and 2020 Net Income For Tax Purposes and her Taxable Income Identify these two amounts separately