What happens under our tax regime is when you go to cash in those options at .00, the .00 profit is now taxed as ordinary income and you don’t get the capital gains treatment or its equivalent.
Therefore you go from paying 23 per cent tax on your gain to paying 46 per cent on your gain.” Something else to consider about backdating stock options.
When stripped of the legalese, it amounts to a sort of “Kids’ Bill of Rights” in connection with retroactive child support.
The Supreme Court of Canada said: • Child support is the right of the child that arises upon the child’s birth.
However, it was the Canadian government's request and consent, and not the Succession to the Throne Act, that gave the British Act of Parliament effect in and made it part of the law of Canada, as per section 4 of the Statute of Westminster 1931, which allowed the British parliament to legislate for the Dominions only with their agreement.
Secondly, there is no such thing as being automatically divorced after so many years of separation - even if you are separated for 50 years, you are still legally married.
There are only three grounds for divorce in Canada: 1. *'Living separate and apart' does not necessarily require 'physical separation' - you can be 'living separate and apart' but share your home for economic reasons, or children, etc.
The law leaves the decision about having a separation agreement to you.
When the Ontario Securities Commission slapped four company officials from Canada’s high-tech superstar, Research in Motion Ltd., with a -million fine in penalties and restitution, it was one of the few cases, if not the only case, where provincial securities regulators levied a sanction against executives for backdating stock options.