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Use the following information for questions #23, #24, #25, and #26.

In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2013, calculate the tax implication:

Question 23 options:

	$0
	$325
	$12,500
	$25,000

Question 24 (2 points)

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"In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2015, calculate the tax implication:

Question 24 options:

	Deduction = $0
	Deduction = $325
	Deduction = $2,838
	Deduction = $5,675
	Deduction = $18,500

Question 25 (2 points)

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In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2017, calculate the tax implication:

Question 25 options:

	Deduction = $0
	Deduction = $650
	Deduction = $925
	Deduction = $1,850
	Deduction = $25,000

Question 26 (2 points)

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In 2013, Denise was hired as the VP of Telecommunications with Cobra Tech Corporation; a company listed on the TSX. At the time of hiring she was granted options on 1500 common shares at an excercise price of $25 and a 5 year expiry when the stock was trading at $18 per share. The option was granted with an excercise fee of $0.65 per share. In 2015, Denise exercised 500 options on the shares when the price of Cobra Tech was trading at $37. In 2017, Denise exercised her remaining options on the shares when the price of Cobra Tech was trading at $27.50. In 2018, Denise retired from the company and later that same year she sold half of her shares in Cobra Tech for $44 per share. For 2018, calculate the tax implication:

Question 26 options:

	Taxable capital gain = $0
	Taxable capital gain = $5,000
	Taxable capital gain = $10,000
	Taxable capital gain = $15,000
	Taxable capital gain = $23,000

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