Line 24900 – Security options deductions

Note: Line 24900 was line 249 before tax year 2019.

If you disposed of securities for which you had previously deferred the taxable benefit (see line 10100), complete Form T1212, Statement of Deferred Security Options Benefits. 

You may be able to claim a deduction for donating securities that 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 24900 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, enter 50% of the amount from line 2 of Form T1212, Statement of Deferred Security Options Benefits, on line 24900 of your return.

Forms and publications

• Income Tax 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-113R4, Benefits to Employees – Stock options

Related topics

• Line 10100 – Employment income: Security options benefits