Lifetime capital gains exemption increased as of January 1, 2019

Effective January 1, 2019, the lifetime capital gains exemption will increase to $866,912. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2019 can shelter up to $866,912 in capital gains on those shares from tax.

A full list of all indexation increases can be found on the government website.

If you have any questions about tax planning, please contact us.