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- The employee will be fully taxable on the FMV of the shares when received; however, the employer is not entitled to any deduction.
www.blg.com/en/insights/2021/01/canadian-income-taxation-of-equity-compensation-and-income-tax-act-implicationsCanadian income taxation of equity compensation and ... - BLG
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Jun 23, 2022 · Pursuant to the Transaction, the existing holders of common shares of Bellatrix shall dispose of their common shares for no consideration, which may result in potential tax filing obligations...
Jun 22, 2021 · CALGARY, Alberta, June 22, 2021 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the ...
Jun 23, 2022 · Pursuant to the Transaction, the existing holders of common shares of Bellatrix shall dispose of their common shares for no consideration, which may result in potential tax filing obligations for certain holders that are non-residents of Canada.
Jun 22, 2021 · Bellatrix Exploration. CALGARY, Alberta - Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the ...
- Stock Options
- Restricted Stock
- Restricted Share Units
- Deferred Share Units
- Share Appreciation Rights
These rules apply to options granted by corporations or mutual fund trusts. Provided the stock options are granted with an exercise price at least equal to fair market value (FMV) of the optioned share as at the date of grant (which is generally the date the Board of Directors approves the grant unless the Plan provides otherwise). The tax implicat...
Restricted Stock is issued to an employee subject to forfeiture if certain conditions are not met. These awards can have adverse tax consequence and are rarely used. The employee is taxable on the value of the stock upon issuance. If the stock is later forfeited, no deduction is available to the employee. Further, no tax deduction is available to t...
RSUs that are cash-settled (or settled in cash or stock at the option of the employer) are widely used in Canada. To avoid immediate taxation, these types of awards must be designed to avoid the salary deferral arrangement (SDA) rules. The SDA rules cause the value of the amount to be taxed to the employee in the year the award is granted, not in t...
A DSU is a bonus plan that is also exempt from the SDA rules by virtue of qualifying as a prescribed plan or arrangement. DSUs have the following requirements: 1. There must be an agreement between the recipient and the employer (or related corporation) pursuant to which the recipient becomes entitled to DSUs; 2. The DSUs must reasonably be attribu...
A SAR awards the recipient with the right to receive a payment equal to the increase in share value from the date of grant to the date of exercise. The Canada Revenue Agency has administratively accepted that where the award settlement amount payout is based on increase in share value from date of grant, the award will avoid the SDA rules. SARs gen...
Jun 4, 2019 · The Recapitalization Transaction completed on June 4, 2019, resulted in an improved capital structure for the Company, with reduced debt levels, reduced annual cash interest payments and extended debt maturities, providing Bellatrix with a stronger financial foundation.
Jun 24, 2022 · Pursuant to the Transaction, the existing holders of common shares of Bellatrix shall dispose of their common shares for no consideration, which may result in potential tax filing obligations for certain holders that are non-residents of Canada.
