http://neilmcintyre.ca/capital-gains-exemption-limit-increased-to-750000/ From external to internal audit Tue, 04 Oct 2011 13:28:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://neilmcintyre.ca/capital-gains-exemption-limit-increased-to-750000/comment-page-1/#comment-2215 Harrison Tue, 25 Mar 2008 22:37:24 +0000 http://neilmcintyre.ca/capital-gains-exemption-limit-increased-to-750000/#comment-2215 I sold the shares of my business on Feb 1/08 and new legislation on March 18/08 now allows a 750,000 lifetime capital gains exemption. Is there any consideration that I may be able to take advantage of this new maximum as I sold the shares in 2008 but prior to the March 18 date?? ... or am I merely a victim of bad timing??? Thanks for any comments. I sold the shares of my business on Feb 1/08 and new legislation on March 18/08 now allows a 750,000 lifetime capital gains exemption. Is there any consideration that I may be able to take advantage of this new maximum as I sold the shares in 2008 but prior to the March 18 date?? … or am I merely a victim of bad timing??? Thanks for any comments.

]]> http://neilmcintyre.ca/capital-gains-exemption-limit-increased-to-750000/comment-page-1/#comment-2053 Lawrence Gilmore Sat, 08 Mar 2008 22:06:34 +0000 http://neilmcintyre.ca/capital-gains-exemption-limit-increased-to-750000/#comment-2053 If we had an equity take out loan on a commercial property, Re-invested the loan in another investment. Then sold the original property, pay off the equity take loan.Would we have to pay Cpital gains taxes on the re-payment amount? If we had an equity take out loan on a commercial property,
Re-invested the loan in another investment.
Then sold the original property, pay off the equity take loan.Would we have to pay Cpital gains taxes on the re-payment amount?

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