Gilvesy v. The Queen, 96 DTC 1417, [1996] 3 CTC 2056 (TCC) -- summary under Other

By dwpv, 28 November, 2015

An option to acquire land with an exercise price equal to the fair market value of the land at the date of grant of the option, plus interest at the prime rate between the date of grant and date of exercise of the option, had a fair market value of nil.

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