Lifetime Capital Gains Exemption – tax lawyer explanation

By David Rotfleisch

The Canadian capital gains exemption allows Canadian individual taxpayers to realize tax-free capital gains on the disposition of shares of a Qualified Small Business Corporation (“QSBC”) and certain other qualified properties. As of 2014 the capital gains exemption amount will increase to $800,000 from $750,000, and will further be indexed for inflation as of 2015. Read More at Tax Page

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