Lifetime capital gains exemption increased as of January 1, 2018January 8, 2018
Effective January 1, 2018, the lifetime capital gains exemption will increase to $848,252. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2018 can shelter up to $848,252 in capital gains on those shares from tax.
A full list of all indexation increases can be found on the government website here.
If you have any questions about tax planning, please contact us.
By LaBarge Weinstein’s Taxation, Tax Planning, and Tax Litigation team.