8 October 2010 Roundtable, 2010-0370481C6 F - Don, vente d'actions acquises en vertu 7(1) -- summary under Paragraph 110(1)(d.01)

Where there is a gift of the proceeds from a short sale of optioned shares on the same day as the option is exercised in a cashless exercise, the conditions in ss. 110(2.1) and 110(1)(d.01) will not be considered to have been satisfied.