Employee Stock Option Tax and New Leave in Canada

Canadian Employee Stock Option Tax and New Leave Options

  • 12:12 am

Canadian government officials have introduced several new provisions for the year of 2021, including a new employee stock option tax structure, and new leave options. Beginning July 1,2021, eligible businesses will be offered a new structure for taxation of their Employee Stock Option. Preferential tax treatment may be applicable to some employees at an annual vesting max of CAD 200,000.

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British Columbia: Supreme Court Verdict Impacts Termination Clauses

British Columbia: Supreme Court Verdict Impacts Termination Clauses

  • 8:00 am

British Columbia’s Supreme Court has ruled in favor of employees, impacting termination clauses. The ruling is for employees being provided common law reasonable notice even if the employer terminates or retracts the offer before the employee commences work. In Buchanan vs. Introjunction Ltd., 2017 BCSC 1002 the court ruled that the plaintiff was wrongfully dismissed and awarded him six weeks’ pay in lieu of notice.

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