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Canada has a lifetime capital gains exemption of $750,000, which makes the small business argument moot. In families operating many small businesses, you'll fi
by fraserharris 15y ago
Canada has a lifetime capital gains exemption of $750,000, which makes the small business argument moot. In families operating many small businesses, you'll find that the children are majority owners of the companies so that their exemption will be used in the event of a sale.
- prostoalex 15y agoThat does seem a fair way to go about it. Do they allow offsetting that exemption with capital losses? So if my capital gains are $10,000 one year, and -$10,000 the year after, is my lifetime exemption back at $750,000?
- fraserharris 15y agoNo