Line 249 - Security options deductions

If you disposed of securities for which you had previously deferred the taxable benefit (see line 101), claim 50% of the amount from line 4 of Form T1212, Statement of Deferred Security Options Benefits.

You may be able to claim a deduction for donating securities you acquired through your employer's security options plan. For more information, see "Gifts of securities acquired under a security option plan" in Pamphlet P113, Gifts and Income Tax.

Completing your tax return

Claim on line 249 the total of the amounts shown in boxes 39 and 41 of your T4 slips.

In addition, if you disposed of securities for which you had previously deferred the taxable benefit (see line 101), claim 50% of the amount from line 4 of Form T1212, Statement of Deferred Security Options Benefits.

Forms and publications

• General income tax and benefit package - Guide, return and schedules
• Guide T4037, Capital Gains
• Pamphlet P113, Gifts and Income Tax
• Form T1212, Statement of Deferred Security Options Benefits
• Interpretation Bulletin IT-113, Benefits to Employees - Stock options

Related topics

• Line 101 - Security option benefits

Date modified:

2017-01-04