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New Rules on taxation of employee stock options - Canada

in Payroll and Global Payroll Interface (GPI) 3 comments

Summary:

The Canadian federal government announced new rules for the taxation of employee stock options, which will be effective for stock options granted after June 30, 2021. This includes imposing a $200,000 annual vesting limit (based on the value of an option’s underlying shares at the date of grant) on options that can qualify for the 50% employee stock option deduction

Content (required):

I am trying a few different scenarios (new elements) to calculate this new rule but am unsure of how to get the system to do the calculation.

The understanding is, if the amount of the transaction is less than $200,000 for the year, CPP and EI should be deducted on the full amount (until employee reaches max for the year), but only half of the transaction should be taxed.

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