Security options deductions, tax years 2007 - 2017

Introduction

The following table represents a modified version of information provided by the Canada Revenue Agency in response to a request from the Parliamentary Budget Officer in December 2019. The statistics contain information pertaining to security options deductions as reported on the T1 General Income Tax and Benefit Return for the 2007 to 2017 taxation years.

Explanatory notes

Coverage

The statistics included in the table relate to assessed and reassessed information processed up to December 20, 2019 for the 2007 through 2017 tax years.

Confidentiality

To ensure the protection of taxpayer information, data have been suppressed where warranted. As well, counts are rounded to the nearest multiple of 10.

Data sources

The statistical table in this report reflects income tax returns that were assessed or reassessed for the 2007 to 2017 tax years. The data used to produce the table are derived from the information reported on line 249, Security options deductions, of the T1 General Income Tax and Benefit Return.

Security options deductions

Line 249 of the T1 General Income Tax and Benefit Return contains the total amounts found in boxes 39 and 41 of the T4 slip. In addition, if securities have been disposed for which the taxfiler had previously deferred the taxable benefit, 50% of the amount from line 4 of Form T1212, Statement of Deferred Security Options Benefits, can be claimed. The taxfiler may be electing for the special relief in respect of gains from a disposition of eligible securities on which he or she elected in a previous year to defer the security option benefits. If so, the amount the taxfiler can claim on line 249 may be more than 50% of line 4 of Form T1212.

For more information on security options deductions, see Line 249 - Security options deductions

Description of items/variables

Average amount

This represents the average assessed amount of the security options deductions from line 249 of the T1 General Income Tax and Benefit Return.

Number of claims

This represents the number of claimants who reported an amount greater than zero on Line 249 on their T1 General Income Tax and Benefit Return.

Tax year

A tax year includes all returns that were assessed or reassessed for a specific calendar year. For example, all amounts relating to the 2016 tax year pertain to the period January 1, 2016 through to December 31, 2016.

Value of deductions

This represents the value of the deduction amount reported on line 249 of the T1 General Income Tax and Benefit Return.

Table in PDF format

Please see the explanatory notes for this table.

Table 1 - Number of claims and average amount of security options deductions by tax year, 2007 to 2017

Table in CSV format