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Technology Stocks : JDS Uniphase (JDSU)
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To: Jean M. Gauthier who wrote (4849)1/20/2000 5:27:00 PM
From: t2  Read Replies (2) of 24042
 
Slightly OT--Jean, About the call options. They probably can't be put into the RRSP at cost. I believe you will be "deemed" to have disposed of them at fair market value.
That is, you get taxed on your gains!!

The only way to avoid paying the tax this year is to excercise them. Since they are deep in the money American options (assuming you bought in the US), you could even excercise them now. That would allow you to sell covered calls if you want to be cautious. Of course the sale and possible repurchase of calls would generate a loss or gain. However, it keeps most of your gain shielded from tax in the short term because you would not be selliing your shares.
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