Will you qualify for the $1,016,836 lifetime capital gains exemption (LCGE)?

The CRA has very strict guidelines on qualifying.

It's a very costly mistake if you are offside.

0:00 Overview of video
0:26 Qualified small business corporation shares
0:45 Share sale not asset sale
1:02 24-month holding test
1:30 50% test
2:08 90% test
2:57 example
3:48 multiplying LCGE

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Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

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