Précis: This case turned on a very narrow point. Mr. Ferliano received a grant of stock options denominated in US dollars in 2000 and 2002. He exercised those options in 2010 and 2012. He measured his gain from employment based on the US dollar conversion rate in effect at the date of the grant of the option...
Ferlaino v. R. - TCC: Exchange gain on stock options determined on exercise date, not date of grantREAD MORE »