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Investment capital gains
Since I realized a capital gain after June 25, 2024, I was issued a T4 slip that reported a security option benefit ($100) in box 90 and a security options deduction ($50) in box 91.
While the line 24900 shows a deduction of $50 (from box 91), the line 24901 automatically calculated an additional deduction of $25 (or 50% of $50). The total deduction is now $75 and the net income is incorrectly reported as $25 (it should be 50% of the $100 gain or $50).
Should I change the box 91 deduction to $33.33 (instead of $50 per Box 91) so that line 24901 automatically reports a deduction of $16.67 (or 50% of $33.33)? The total deduction would change to $50 and the net income would be correctly reported as $50 (or 50% of the $100 gain). Thanks!
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Tuesday