The 2015 LCGE limit , indexed by a factor of 1.017, is $813,600.
The deduction can be claimed against taxable capital gains on the disposal by an individual of:
However, this award is not so easy to get, you need good tax planning long in advance.
The deduction can be claimed against taxable capital gains on the disposal by an individual of:
- qualified small business corporation (SBC) shares
- qualified farm property, and
- for dispositions occurring after May 1, 2006, qualified fishing property
However, this award is not so easy to get, you need good tax planning long in advance.