An employee who owned a security option immediately before his or her death is deemed to have received for the year of death a benefit whose value is equal to the result of the following calculation:

• the value of the option immediately after the time of death;

minus

• the amount the employee paid to acquire the option.

You have to enter “L-7” in a blank box on the RL-1 slip (see courtesy translation RL-1-T), followed by the value of the security option benefit that the deceased employee is deemed to have received.