Published: September 3, 2020
A tax exemption of over $800,000 (indexed annually) is available on the sale of shares of certain private corporations that meet the definition of Qualifying Small Business Corporation. Canadian tax lawyer David Rotfleisch discusses the rules.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
