What will be the tax implication

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Question - Ram is working for a Canadian public company. In 2015, he was given an option to buy 100 shares at a price of $10 per share. He exercised his options in 2017 and bought 100 shares. In 2019, he sold all these shares for $20 per share. The market price of the shares was $12 in 2015 and $15 in 2017. What will be the tax implication in 2019?

a) Taxable capital gain - $250

b) Employment income -$500

c) Taxable capital gain - $500

Reference no: EM132612638

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