Lifetime Capital Gains Exemption Increased as of January 1, 2020

Effective January 1, 2020, the lifetime capital gains exemption will increase to $883,384.

As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2020 can shelter up to $883,384 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.

Start typing and press Enter to search