Pasqual 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 $8 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 (total = $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	13
Date shares sold	20

Determine the amount and type of income and when that income is taxable. Year Amount FMV of shares on exercise date Dints Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income Skipped When the shares are sold eBook Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Print Determine the amount and type of income and when that income is taxable if the value of the s the date the option was granted was $8 rather than $8.50 ? References 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 cate Cost of shares acouired on exe-o se date Employment Income Stock option deduction GEW Q o 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? ces FMV of shares on exercise date Cost shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale Ace 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 exerolse ste Employment Income Stock option deduction 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 ed 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 nt ences 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 Freu 1 of 3 Determine the amount and type of income and when that income is taxable. Year Amount FMV of shares on exercise date Dints Cost of shares acquired on exercise date Employment Income Stock option deduction Taxable income Skipped When the shares are sold eBook Proceeds from Sale ACB of shares Capital Gain Taxable capital gain Print Determine the amount and type of income and when that income is taxable if the value of the s the date the option was granted was $8 rather than $8.50 ? References 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 cate Cost of shares acouired on exe-o se date Employment Income Stock option deduction GEW Q o 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? ces FMV of shares on exercise date Cost shares acquired on exercise date Employment Income Stock option deduction Taxable income When the shares are sold Proceeds from Sale Ace 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 exerolse ste Employment Income Stock option deduction 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 ed 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 nt ences 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 Freu 1 of 3