Morgan has been employed for many years as a Pharmaceutical Technician in Calgary, Alberta. Her employer, PT, is a large Canadian Controlled Private Company. During 2020, her employer gives her the option to purchase 1000 shares at an option price of $12/share. The fair market value of the shares is determined to be $13 at this time. Are there tax consequences in 2020? (1 mark) In 2021 Morgan exercises her shares. The fair market value of the shares is $16. Explain to Morgan if there is an impact during 2021 when she exercises her shares. Why or why not? (2 marks)