As income.
Now, you can't sell those shares for a year, so you're not going to get any cash from those shares for at least a year. From our perspective, it's the same as an option: you don't get an immediate dollar value from the option, you have to wait two years, three years, one year, whatever, to cash in those options. When you cash in those options, you pay income tax.
We're saying treat the employee share purchase in the same way. We're not saying get rid of the tax, just hold it until the employee actually sells his shares, and then he will remunerate the federal government accordingly.