How many Canadians can read and understand the laws?

[bjre]

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?

[guyser]

Get an advisor. Problem solved.

Next?

[CitizenX]

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.

[CPCFTW]

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

[Guest Derek L]

What part don't you understand?

[Guest Derek L]

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?

[guyser]

Who gets my bill?

bjre....he will pay with a Childrens Aid voucher.

[Guest Derek L]

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

[CitizenX]

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

[Bonam]

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.

[Guest Derek L]

I think more than half of what you'd call "the right" on this forum are atheists/agnostics.

Or cheering for the other guy