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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
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 2019. At this time, the fair market value of the stock is $19 per share. In March, 2020, 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 9 $1,000 in 2019 $6,000 in 2020
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