Line 10100 – Employment income: Security options benefits
Note: Line 10100 was line 101 before tax year 2019.
A security option benefit results when you buy securities through your employer at a pre-established price which is less than the fair market value of the securities.
If your employer is a Canadian controlled private corporation (CCPC), which you deal with at arm's length, you only have to report this taxable benefit on your tax return for the year you sell the securities. If your employer is not a CCPC you may have to report taxable benefits you received in (or carried forward to) the year you exercise your stock option.
For eligible securities under option agreements exercised up to and including 4 p.m., Eastern time, on March 4, 2010, that were not granted by a CCPC, an income deferral of the taxable benefit may have been allowable subject to an annual limit of $100,000 on the fair market value of the eligible securities.
If you exercised an option for eligible securities after 4 p.m., Eastern time, on March 4, 2010, that was not granted by a CCPC, the election to defer the benefit is no longer available for those securities.
To claim a deduction on your stock options, see line 24900.
Completing your tax return
Report on line 10100 the total of amounts shown in box 14 of all your T4 slips. The taxable benefit you received in 2020 (or carried forward to 2020) on certain security options you exercised, is already included in these amounts.
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