Line 24900 – Security options deductions

If you disposed of securities where 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.

For 2024, T4 slips may be issued with amounts reported at boxes 91 and 92 for security options deductions after June 24, 2024, at a rate of 33.3333%. If that is the case, follow the instructions and report the amounts from the T4 slip at line 24900 of your return. Also claim the additional security options deduction at line 24901 to increase your total security options deduction to 50% of the security options benefits received in the year (see Federal Worksheet for calculation).

Completing your tax return

The portion that you can claim at line 24900 for tax year 2024 depends on which box was used on your T4 slip to report the securities option deduction. For amounts reported in:

• boxes 39 and 41 – Security option deduction before June 25, 2024, you can claim 50% of the taxable benefit
• boxes 91 and 92 – Security option deduction after June 24, 2024, you can claim 33.3333% of the taxable benefit

Forms and publications

• Get a T1 income Tax Package
• Federal Worksheet
• Guide 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
• Line 24901 – Additional security options deduction