Which of the following statements with respect to stock options is correct?

A. If the stock option price for shares is less than the FMV at the date the option is granted then simply granting the options will automatically create a taxable benefit to the employee.

B. If shares in a CCPC are acquired through the exercise of stock options, there will be a deduction equal to one-half of the employment income inclusion, provided the shares were held for at least two years.

C. When options to acquire the shares of a Canadian public corporation are exercised, there are no immediate income tax consequences for the employee.

D. When shares in a CCPC that have been acquired through the exercise of options are sold, any loss on the sale can be used to offset any stock option employment benefit that results from the exercise of the options.