Station 19 Ltd. is a CCPC. Maya, one of the employees, was granted a stock option on February 5, 2018 for 10,000 shares at $6 per share. Maya exercised the option on May 30, 2019 when the market price was $9 per share. In July 2021, Maya sold the shares for $10 each. The fair market value on February 5, 2018 was $7. 

What is Maya's income for tax purposes, assuming she wants to minimize taxes of course?

Answer rating: 100% (QA)

Mayas income for tax purposes is calculated as follows Deemed disposition When Maya exercised the st... View the full answer