T1212 - Statement of Deferred Security Options BenefitsThe deferred benefits sold in 2019 must be included in your employment income for the year in which you disposed of the security, have become non-resident or are deceased.
To enter the deferred benefits related to stock options and generate the T1212 form, please follow the steps below:
1. On the "Left-side menu on the Interview tab", select "T4 and employment income".
2. On the page appearing on the right, scroll down to "T1212" group, and click on the plus "+" icon to the right of the line "T1212 - Deferred employee stock options benefits".
3. For the line "Opening Balance of Deferred Stock Option Benefits", enter the deferral of shares acquired before March 4, 2010, which you had exercised.
4. Under the line "Stock option benefit that can no longer be deferred", enter the amount sold for these shares.
The closing balance will be shown on your notice of assessment.
The amount entered will be reported on line 10100 of the federal return and 50% will be claimed as a deduction for stock options and stock on line 24900.
Form T1212 will be generated by the program.
For residents of Quebec, the amount will be entered on line 101 and the deduction will be reported on line 297 of the Quebec return.
For more information, please visit the following CRA links:
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1212.html
ID: 20191218085348DE.xml
Webpage: KPA390-20191218085348DE.htm