Finance committee  We saw this as a package that addressed outstanding concerns associated with employee stock options. We're not aware at this time of larger issues associated with their tax treatment. We generally take a comprehensive approach to taxing employment income: any benefit, whether i

Finance committee  I think some people have expressed a different view about whether an employee stock option should be treated as an employment benefit. That is true, although I've tried to provide the rationale for the approach that we've taken in the budget and in general. Does that address yo

Finance committee  Actually, do you mind if I have a follow-up response, just in terms of the equity? One of the consequences of the elimination of the double deduction is that, as with something like dividend income, you ensure that from both a corporate and an individual perspective, options ar

Finance committee  I guess in the States it's important to distinguish between statutory stock option plans and non-statutory plans, because the treatment associated with the two is considerably different. The value of the bulk of employee stock options in the States is realized through non-statu

Finance committee  The employment benefit is available to all options associated with any deferral since 2000. In that regard, it's a go-forward and a go-backward measure. The second question is how it will affect JDS and Nortel. Nortel options, in which the employment benefits were deferred, wo

Finance committee  JDS's wasn't an employee stock option plan; it was an employee share purchase plan.

Finance committee  CRA has already looked after it through a remission order.

Finance committee  That's right, the deferral has been eliminated.

Finance committee  Please pass it as a motion.

Finance committee  I think because of its technical nature, and the timelines associated with the budget implementation bill, it wasn't possible to include full legislative language in the bill. I think consistent with standard practice, we would be introducing subsequent bills to enact the remaini

Finance committee  I can't foresee any negative consequences associated with its delay.

Finance committee  Yes.

Finance committee  I can't recall the figure exactly, but I think the revenue impact was about $300 million a year. Was it $270 million the first year? I could give you the exact number; we have it right here.

Finance committee  I think it's worth taking a second to consider the design of the measure. Under the previous system, in which you had tandem stock option rights, the use of these rights would result in a situation in which the employee, by cashing in the option, would still be entitled to the 5

Finance committee  More or less, I think that's a good summary.