As of March 19, 2007, the capital gains exemption has been increased to $750,000 from its previous $500,000 limit. This means that if you haven’t already taken advantage of the tax preferred treatment of capital gains on qualified small business shares, you should do so while the getting’s good. If you have already maxed outContinue reading “Capital gains exemption limit increased to $750,000”
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6 quick facts about the capital gains exemption in Canada
Yesterday I was visiting my parents back home on the farm and enjoying a lazy Saturday afternoon away from the big city. In exchange for some really great ice cream, my Mom asked me for some tax advice related to the lifetime $500,000 capital gains exemption. Long story short, she was under the impression sheContinue reading “6 quick facts about the capital gains exemption in Canada”