Steen v. The Queen, 86 DTC 6498, [1986] 2 CTC 394 (FCTD), aff'd 88 DTC 6171, [1988] 1 CTC 256 (FCA) -- summary under Paragraph 7(1)(a)

By services, 28 November, 2015

An employee "acquires" shares pursuant to a stock option agreement at the time he exercises his option to purchase shares from his corporate employer, rather than at the time of the granting of the option. The word "value" in s. 7(1)(a) is essentially synonymous to "fair market value" or "market value".

Topics and taglines
Topic
Income Tax Act - s. 7(1)(a)
Words and phrases
value
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338662
Extra import data
{
"field_legacy_header": "<strong><em><a name=\"Steen\"></a>Steen v. The Queen</em></strong>, 86 DTC 6498, [1986] 2 CTC 394 (FCTD), affirmed 88 DTC 6171, [1988] 1 CTC 256 (FCA)",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}