Harper Grey business law lawyer, Steven Lukas, co-presented in collaboration with PwC for a Stock Options Workshop presented by Angel Forum as part of Vancouver Start-Up Week.

This interactive workshop discussed the tax and other implications of equity compensation (stock option plans).

Workshop attendees learned the following:

• What the different types of equity plans are
• Taxation differences between employees and independent contractors
• What are the benefits of being and maintaining status as a “CCPC”
• When do you recognize the benefit and when do you have to pay the tax
• How to qualify for the lifetime capital gains exemption
• What happens in the event of a loss on a business failure
• What are the differences that apply if you hire a US citizen
• Whether you are required to withhold and remit tax to CRA
• What happens on a buyout or share exchange
• Whether to consider having an employee share trust

Read more about the event here.