Liberals Abandon Stock Option Changes

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    The Liberal government 2016 budget did not cover anticipated changes to the tax treatment of employee stock option benefits, which formed part of the Liberal party’s 2015 election platform, says a ‘Goodmans LLP Update.’ Bill Morneau, the federal finance minister, says the tax measure was not included in the budget due to concerns raised during pre-budget consultations that the change would hinder the growth of Canadian start-up companies and small firms in the technology sector, which regularly use stock options “as a legitimate form of compensation for their employees.” Revisiting the changes is not in the government’s plan, he says.