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Signatures | Total: 446

 

# NameComments
301 Rod Zavari
302 Jurgen HissenTax my income, but don't tax something I never received. I received stock and the CRA is asking for dollars. I will gladly pay 44% of the stock that I received, or 44% of the dollars I get when I sell the stock. But I shouldn't have to pay 44% of what the stock was worth. I didn't realize at the time that I was effectively buying those shares on margin, and would certainly not have done so, if I'd known. We are being taxed as though the company gave us cash, and we then went and bought stock with it. However, the company gave us stock. If the company had actually given us cash, they should have been required to withhold taxes on that cash. This would have prevented the problem.
303 Eric Desbiens
304 Carina Vassilieva
305 Jason Sauve
306 Ray Simonson
307 AnonymousThe real income should be taxable, not artificial.
308 Anonymous
309 DonThis law is completely unfair and should be an embarrassment to Canada - yet we bumble along too afraid to stand up and make a change. This law can be summarized as "if you win we win - if you lose, well we still win". An egregious, unjust example of overzealous lawmakers that have no knowledge of the real world simply doing a cash grab - hang your head in shame Canada.
310 AnonymousThe goverment of Canada needs to do the right thing here.
311 Mieczyslaw Surazski
312 John C, JeapesI am an ex Celestica Inc employee with stocks that were excercised at 5 times the present market value.
313 AnonymousThe crash has lost all I made and I probably owe +$60k in tax, I have previous year losses and would sell now if I thought I could balance the books that way
314 AnonymousI will likely be paying $125,000 of taxes this year on income that I have not yet realized. It is shameful and embarrasing to the country that such a glaring tax policy error still exists.
315 Garnet Scott LuickEx JDSU employee that did not benefit from the previous ruling on taxation relief for ESPP shares which, by the way, are not treated the same as Stock Options.
316 Anonymous
317 Anonymous
318 Anonymous
319 AnonymousMany of us who are fortunate to receive stock options are junior employees of startup companies. The impact of these options is very misunderstood and has devastated more than one person in our group. Shame on the government for burying this law and making off like bandits!
320 Edward Capes
321 Richard WardleThis situation applies directly to me, and I would be happy to give specific details if need be.
322 Anonymous
323 Ian BairdI have been fighting this for 8 years and have now lost in court again and stand to go bankrupt for money I never had is this fair taxation???
324 Ian BruneauCanada should not be allowed to be known as a country that continues to maintain such a flawed rule at the ruin of a minority of people who are unanimously prepared to pay fare tax on true income received. How many peoples lives is that additional revenue worth to CRA. .
325 Brian CredicoThis would not have been as much a problem if the government had not changed the tax laws (around 1999) that allowed the taxable benefits of exercised options to be deferred until the stocks were disposed. This set up the situation whereby when the value of these "unsold" stocks decreased dramatically over time e.g. Nortel, a tax liability was produced for this phantom income. Previous to the law change, the tax on the option benefits was due when the options were exercised, regardless of when the stocks themselves were disposed. This encourage that the stocks be sold to pay the taxes due and, in this case, the tax would be on "real" income.
326 gil LorensonThis isue will be widespread in the financial sercives industry in 2008/2009 , where stock option compensation was widespread even for junior execs and senior managers. As a result of the crash in bank and insurance co. shares, many of us retired employees have had to sell the shares to meet margin calls and/or protect our retirement portfolios.and we have now to pay taxes which in some cases will EXCEED the cash income earned. Are you aware if a class legal action against CCRA or for a Remission Order a la SDL Optics has been intiated for financial servises employees/retirees? I would like to join that group.
327 Lyne Dumaine-Trépanier
328 Stéphane Rodriguez
329 Jerome D. Trepanier
330 Oleg Scherbina
331 AnonymousI have few hundred thousand dollars of tax owing that I keep deferring. Now the stock does not worth much, I can never sell as the stock may never go to the level when I exercised. I have to give back 20 times or more of what I may earn after selling. This was given to me as incentive I earned due to my hard work, and I have to give all and more to the government in form of taxes. I will never be able to sell those shares.
332 Anonymous
333 Anonymous
334 Jeffrey Brown
335 Braden MarrI am appalled that this tax law still exists, and continues to completely ruin or destroy people caught in this situation. Laws like this show me that this is not the Canada I was raised to understand, believe in, and support.
336 Leila Meyer
337 Doug ClarkThis is definitely an unfair tax, and has put a number of canadians in a very sad and unfair financial situation. There is currently no upside for the Federal Goverment and the taxpayers to have this tax in place and should be abolished.
338 Stephanie Clark
339 Ron ChittaroWith the recent sale of Entrust. I am not on the hook for a very large tax bill for money I never received. All because I was naive and not aware of what exactly was going on with stock options.
340 AnonymousI am stunned that the press articles I have read focus on the prospect that some individuals were let off in this situation and did not shout bout the unfairness of taxing an idividual at over 100%. and ... who was the petty politician or civil servan who concieved of a plan to financially devistate families. If anyone else held a gun to a persons head and demanded all their money, they would go to jail. Who is accounable in the govement for allowing this to happen?
341 Anonymous
342 Anonymous
343 Arielle Hall
344 Nathan Hoffman
345 Vern Miller
346 Geoffrey Feldman
347 AnonymousAccountability and fairness is required . The whistle is blowing on this issue. Stop churning the tax accounts on innocent people .
348 Sieg Hollejustice demands a legal change in the rules
349 kenneth doucette
350 AnonymousAs fair minded Canadians, I trust this will be resolved asap to maintain the harmony we have always lived with. And quickly eliminate the terror that our Canadian family is consumed with now, because of this.

 

Signatures | Total: 446