Pascual Melo is employed by a public corporation on January 1 2019, she was given an option to purchase 1,300 shares of the public corporation for Sa per share (the option extended for two years) On December 15, 2019, she exercised her option and bought 1,300 shares at $8 per share (totat = $10,400) On June 15, 2022, she sold the 1,300 shares. The value of the shares at the particular dates was as follows: Date option granted $8.50 Date option exercised Date shares sold 20 13 Required: Determine the amount and type of income and when that income is taxable Year Amount FMV of shares on exercise date Chares acquired on exercise date ont Income Jon deduction 2010 home 2032 shares are sold Proceeds from Sale ACB of shares Capital Gain Determine the amount and type of income and when that income is taxable. Year Amount FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Determine the amount and type of income and when that income is taxable if the value of the shares at the date the option was granted was $8 rather than $8.50? FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain I FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Determine the amount and type of income and when that income was taxable if the employer is a Canadian-controlled private corporation FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Pascual Melo is employed by a public corporation on January 1 2019, she was given an option to purchase 1,300 shares of the public corporation for Sa per share (the option extended for two years) On December 15, 2019, she exercised her option and bought 1,300 shares at $8 per share (totat = $10,400) On June 15, 2022, she sold the 1,300 shares. The value of the shares at the particular dates was as follows: Date option granted $8.50 Date option exercised Date shares sold 20 13 Required: Determine the amount and type of income and when that income is taxable Year Amount FMV of shares on exercise date Chares acquired on exercise date ont Income Jon deduction 2010 home 2032 shares are sold Proceeds from Sale ACB of shares Capital Gain Determine the amount and type of income and when that income is taxable. Year Amount FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Determine the amount and type of income and when that income is taxable if the value of the shares at the date the option was granted was $8 rather than $8.50? FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain I FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Determine the amount and type of income and when that income was taxable if the employer is a Canadian-controlled private corporation FMV of shares on exercise date Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale ACB of shares Capital Gain Taxable capital gain