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In February 2019, ABC Ltd. grants Nancy options to acquire 4,000 shares of the company at an exercise price of $10. At that time,

In February 2019, ABC Ltd. grants Nancy options to acquire 4,000 shares of the company at an exercise price

In February 2019, ABC Ltd. grants Nancy options to acquire 4,000 shares of the company at an exercise price of $10. At that time, the FMV of the company was $6 per share. On November 1, 2019 when the shares are valued at $11, Nancy exercises her stock options to purchase 1,000 shares. On March 15, 2020 when the shares are valued at $15, she exercises her options to purchase an additional 3,000 shares. On June 11, 2022, she sells half the shares at $20 and at the end of the same year, she sells the remaining half at $9.254. Complete the following table and show all supporting work: Assume ABC is NOT a CCPC Effect on Employment Income On ITA 3b) On NIFTP On Taxable Income Assume ABC is a CCPC Effect on Employment Income On ITA 3b) On NIFTP On Taxable Income Year 2019 Year 2019 Year 2020 Year 2020 Year 2022 Year 2022

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