Line 24901 – Additional security options deduction

The additional security option deduction at line 24901 allows you to increase your security option deduction from line 24900 when the amount had been reported in box 91 and/or box 92 of your T4 slip so that only 1/2 (50%) of your taxable benefit is included in your income.

If the securities have been gifted, the taxable benefit may be fully deducted at line 24900 of your return. For more information, see Federal Worksheet.

Completing your tax return

If you reported security option deductions on line 24900 of your return, use the Federal Worksheet to calculate the additional security option deduction.

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 24900 – Security options deductions