bjre Posted September 20, 2011 Report Share Posted September 20, 2011 Here is a piece which I copied from: http://laws.justice.gc.ca/eng/acts/I-3.3/section-7-20101215.html Employee stock options (1.1) Where after March 31, 1977 a Canadian-controlled private corporation (in this subsection referred to as “the corporation”) has agreed to sell or issue a share of the capital stock of the corporation or of a Canadian-controlled private corporation with which it does not deal at arm’s length to an employee of the corporation or of a Canadian-controlled private corporation with which it does not deal at arm’s length and at the time immediately after the agreement was made the employee was dealing at arm’s length with ( a ) the corporation, ( b ) the Canadian-controlled private corporation, the share of the capital stock of which has been agreed to be sold by the corporation, and ( c ) the Canadian-controlled private corporation that is the employer of the employee, in applying paragraph (1)(a) in respect of the employee’s acquisition of the share, the reference in that paragraph to “the taxation year in which the employee acquired the securities” shall be read as a reference to “the taxation year in which the employee disposed of or exchanged the securities”. I wonder how many Canadians can actually read and understand it. If he/she can, how much time he/she need to spend before understand it? Quote Link to comment Share on other sites More sharing options...
guyser Posted September 20, 2011 Report Share Posted September 20, 2011 Get an advisor. Problem solved. Next? Quote Link to comment Share on other sites More sharing options...
CitizenX Posted September 20, 2011 Report Share Posted September 20, 2011 Tax forms, credit agreements, healthcare legislation: They're crammed with gobbledygook, says Alan Siegel, and incomprehensibly long. He calls for a simple, sensible redesign -- and plain English -- to make legal paperwork intelligible to the rest of us. Quote Link to comment Share on other sites More sharing options...
CPCFTW Posted September 20, 2011 Report Share Posted September 20, 2011 (edited) Only the left can read and understand the laws, and follow the news, and understand the corporate machine we are all slaves to. The rest of the world is blind/ignorant. Edited September 20, 2011 by CPCFTW Quote Link to comment Share on other sites More sharing options...
Guest Derek L Posted September 20, 2011 Report Share Posted September 20, 2011 What part don't you understand? Quote Link to comment Share on other sites More sharing options...
Guest Derek L Posted September 20, 2011 Report Share Posted September 20, 2011 Translation: If a company gives, on agreed equal footing between the employer and employee, stock options from the company (or from another Canadian company) to an employee on agreed terms, the employee can deduct one half of the stock option benefit deduction…….If this is decided, the employer can’t claim the deduction. If you go further, the employee can choose a cash option, basically waving their right to the stock, and in this case both the employee and employer will be eligible for different forms of deductions. Who gets my bill? Quote Link to comment Share on other sites More sharing options...
guyser Posted September 20, 2011 Report Share Posted September 20, 2011 Who gets my bill? bjre....he will pay with a Childrens Aid voucher. Quote Link to comment Share on other sites More sharing options...
Guest Derek L Posted September 20, 2011 Report Share Posted September 20, 2011 bjre....he will pay with a Childrens Aid voucher. My advice to bjre, would have to be take the cash payout and buy gold and silver Quote Link to comment Share on other sites More sharing options...
CitizenX Posted September 20, 2011 Report Share Posted September 20, 2011 (edited) Only the left can read and understand the laws, and follow the news, and understand the corporate machine we are all slaves to. The rest of the world is blind/ignorant. Yaa but you'all from the right read the bible real good. Except the judge not lest yee be judged part. Edited September 20, 2011 by CitizenX Quote Link to comment Share on other sites More sharing options...
Bonam Posted September 21, 2011 Report Share Posted September 21, 2011 Yaa but you'all from the right read the bible real good. Except the judge not lest yee be judged part. I think more than half of what you'd call "the right" on this forum are atheists/agnostics. Quote Link to comment Share on other sites More sharing options...
Guest Derek L Posted September 21, 2011 Report Share Posted September 21, 2011 I think more than half of what you'd call "the right" on this forum are atheists/agnostics. Or cheering for the other guy Quote Link to comment Share on other sites More sharing options...
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