Which of the Following Statements with Respect to Stock Options

Which of the following statements with respect to stock options is correct?

A) If the option price for shares is less than the grant date market value of the shares, granting the options will create a taxable benefit for the grantee.
B) If shares in a Canadian controlled private corporation are acquired through the exercise of stock options, there will be a deduction equal to one-half of the employment income inclusion, provided the shares were held for at least two years.
C) When options to acquire the shares of a Canadian public corporation are exercised, there are no immediate tax consequences for the acquirer.
D) When shares in a Canadian controlled private corporation that have been acquired through the exercise of options are sold, any loss on the sale can be used to offset any income inclusion that results from the exercise of the options.