Lifetime Capital Gains Exemption

The Importance of the capital gains exemption for owner-managers

Since 1985, the capital gains exemption has been available to Canadian business owners.  The concept is simple – if you sell shares of a qualifying corporation for a gain, you may not be taxed on some or all of that gain.  The amount of the gain that is exempt has been increasing in recent years.  On January 1, 2014, the exemption was increased from $750,000 to $800,000.  For 2015 and subsequent years, the exemption is indexed to inflation, meaning that the exemption limit is $835,716 in 2017.  For residents of Quebec, the provincial exemption limit follows the federal amount- click link below for more information.

Lifetime capital gains exemption

RRSP Loans

Contribute today, save for tomorrow

Keep your retirement dreams on track

Do your retirement goals involve travel? Family? Pursuing a passion? Whatever it is, one of the best ways you
can reach your goals is with a Registered Retirement Savings Plan (RRSP). Annual RRSP contributions can reduce the
amount of income tax you pay each year and provide a larger investment portfolio when you retire.