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Does it matter how much you get pay when you apply under CEC?

soh3il

Full Member
Jun 11, 2012
37
0
I want to apply under CEC category.

I get paid $1,000/month and the rest is in the form of stock options at a startup that I worked for a year. So the T4 that my employer can provide me would be around $12,000 for the year.
However I just met a lawyer and he said that it DOES matter how much you get paid and it should be equal to market salary. however other lawyers before told me that the amount would not matter.

Although my salary is 70K, but It is in the form of stock option. so my notice of assessment and T4 are showing $1000 per month ...

So Does it matter or am I able to explain that I have shares in the company?
 

Ravi_Vemala

Newbie
Jul 22, 2011
9
0
I would say, get the same details in writing from your employer. As long as everything is in black and white, you should be fine.
 

rosty2

Hero Member
Jul 5, 2012
235
14
Scarborough
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Ravi_Vemala said:
I would say, get the same details in writing from your employer. As long as everything is in black and white, you should be fine.
me too I would say that!

btw you need to say in your tax return, how much u make on stock options as well. Chances are that the government will sue you if you omit that!
 

draxz1289

Champion Member
Apr 28, 2010
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when I applied under CEC I was working in a retail environment and my pay was only a $1 above minimum and nothing else I applied under NOC "B"