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Level 1
posted Mar 28, 2025 7:20:54 PM

I need to report taxable benefits from exercising canadian-controlled private corporation stock options, and where do I enter at TurboTax software as I don't have T4

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3 Replies
Moderator
Mar 30, 2025 10:57:02 AM

If you receive options from a Canadian controlled private corporation, you do not have to declare them when you exercise the options. Instead, you wait until you sell the options, and you report them on the tax return you file for that year.

 

Level 1
Mar 30, 2025 6:45:07 PM

How do I find  24900 or how to enter the Security Options Deduction as I can’t locate corresponding field at other deduction at Turbotax

Level 1
Mar 31, 2025 7:44:33 PM

how do I report the tax return for selling CCPC shares then? do I enter income from other incomes? how about security option deductions as I can't locate the fields on turbotax?