Words and Phrases - "value"

a
86
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
56
n
25
o
38
p
80
q
3
r
76
s
89
t
46
u
15
v
9
w
23
y
2

Steen v. The Queen, 86 DTC 6498, [1986] 2 CTC 394 (FCTD), aff'd 88 DTC 6171, [1988] 1 CTC 256 (FCA)

Summary Under
Tax Topics - Income Tax Act - Section 7 - Subsection 7(1) - Paragraph 7(1)(a)

An employee "acquires" shares pursuant to a stock option agreement at the time he exercises his option to purchase shares from his corporate employer, rather than at the time of the granting of the option. The word "value" in s. 7(1)(a) is essentially synonymous to "fair market value" or "market value".

Words and Phrases
value
Locations of other summaries Wordcount
Tax Topics - General Concepts - Fair Market Value - Shares 113