During January, $2022,$ Lastech Inc. issued options to their employee, Ms$.$ Marianne Black. The options allowed Ms$.$ Black to acquire $1,500$ of the Company's common shares at an option price of $$23$ per share.

At the point in time when the options were exercised, the FMV of the shares was $$25$ per share. All of the shares that are acquired through the options are sold on December $31,2023$ at a price of $$28$ per share.

Required: Indicate the income tax consequences on Ms$.$ Black of the transactions that took place during $2022,2023,$ and $2024$ under each of the following independent Cases. Your answer should include the effect on both net income and taxable income. Where relevant, identify these effects separately.

Case A $-$ Lastech Inc. is a Canadian public company. At the time the options were granted, the shares were trading at $$22$ per share. The options were exercised on July $1,2023.$

Case B $-$ Lastech Inc. is a Canadian public company. At the time the options were granted, the shares were trading at $$24$ per share. The options were exercised on July $1,2023.$

Case C $-$ Lastech Inc. is a CCPC$.$ At the time the options were granted, the Company's shares had a FMV of $$23$ per share. The options were exercised on July $1,2023.$

Case D $-$ Lastech Inc. is a CCPC$.$ At the time the options were granted, the Company's shares had a FMV of $$24$ per share. The options were exercised on July $1,2022.$