AS per CRA, your stock will be considered a taxable benefit and reported on your employment income.

• If your company is a Canadian-controlled private corporation, you have to report the benefits the year you sell your securities.
• if you receive the security options from another type of company, you report the benefits the year when you exercise your stock options.

Although you cannot use the capital gains deferral, you offset your gains by claiming the security options deduction.

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