If you’re creating a stock option in your Canadian corporation for a shareholder, be sure to grant the same rights to all of the other shareholders of the same class. Otherwise, the stock option will be considered to be a taxable benefit for Canadian income tax purposes to the shareholder.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."