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On November 30 th, 2020, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Fall Economic Statement 2020 (the Statement ), which contains certain proposals to amend the Income Tax Act (Canada) (the ITA ) and the Excise Tax Act (the ETA ). Income Tax Measures Employee Stock Options The Statement proposes rules related to the tax treatment associated with the exercise of employee stock options. The rules will generally disallow the 50% stock option deduction by the employee if the stock option vests more than $200,000 worth of stock in a calendar year, if the employer is not a Canadian-controlled private corporation (CCPC), and if the employer ....