Taxation of phantom stock options

By: hilbert On: 12.07.2017

May 26, 6: CBC does not endorse and is not responsible for the content of external links. The income tax is applied to stock options, a benefit many Canadian employees are given as part of their remuneration.

Employees at various levels of companies in high tech, mining, banking and other industries are allowed to buy stock in their firm at a significantly reduced price.

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Those affected call it a tax on "phantom income. The national group Canadians for Fair and Equitable Taxation says it's hearing about dozens of new cases from people who have just received their assessments for the tax year.

Tax lawyer William Cooper thinks Ottawa should allow people to claim their losses against the 'income. McLeod bought 10, shares in Burnaby, B.

And then the market crashed," she said. Creo stock didn't recover and McLeod said she didn't make a penny. And how many know about this tax before they get the bill?

I would say very few. So, I can't and I won't hold out any hope of any tax exemptions in respect to that. When Flaherty mentioned "hardship" cases, he was likely referring to JDS Uniphase employees from Victoria. Nortel employees taxation of phantom stock options another example, but they haven't received any exemptions.

Federal Finance Minister Jim Flaherty says no exemptions will be granted. It's affecting my marriage," he said.

Introduction To Phantom Stock And SARs

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taxation of phantom stock options

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Thousands of Canadians taxed on 'phantom income' - British Columbia - CBC News

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taxation of phantom stock options

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