BioCurex, Inc.(fka BOCX)

[bocxman]

Headache, NQSO's are taxed per ordinary income anyways, in both Canada and the US. You're right about the cap gains rate, though, although it is not important to an analysis of Dr. Gold's tax consequences...I was using this site:

http://www.fin.gc.ca/toce/2002/cgtc_e.html

-- The inclusion rate is 50%, not the cap gains rate.

As evidenced from this other site below, however, NQSO's are taxed as ordinary income in Canada, but there is actually a 50% deductible. So Dr. Gold would be paying over $50k -- still WAY TOO MUCH for most professors, even distinguished ones.


http://www.watsonwyatt.com/canada-english/pubs/memoranda/showarticle.asp?ArticleID=10323&article...



Regarding your point about socialism in Canada, don't take it so literally. Obviously they are a capitalist country and not a true socialist state, but they are much more socialistic than the U.S that's for sure!