Multiply the Availability of the Lifetime Capital Gains Tax Exemption
To maximize the $800,000 lifetime Canadian capital gains exemption from Canadian income tax on sale of qualifying small business shares (QSBC) available to every individual, consider having your spouse invest in the corporation to multiply the availability of the capital gains tax exemption.
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."
