Line 24900 - Security options deductions
Line 24900 - Security options deductions
Claim on line 24900 of your return the total of the amounts shown in boxes 39, 41, 91, and 92 of your T4 slips.
If you disposed of securities where you had previously deferred the taxable benefit, complete Form T1212, Statement of Deferred Security Options Benefits.
Gifts of securities acquired under a security option plan
You can claim an additional deduction on line 24900 of your return for donating shares of a corporation listed on a designated stock exchange or mutual fund units that you acquired through your employer's security option plan.
The additional deduction is equal to 50% of the amount of the taxable benefit, which may effectively exempt from tax the employment benefit associated with the exercising of the stock option.
For more information, see Guide P113, Gifts and Income Tax.
