A question for you:
Is capital gains planning less important now for individuals, given the rate increase?
Agree or disagree?
If you disagree, well done.
Why?
There are several reasons why capital gains planning is actually more important than before.
- Maximize the $250,000 annual allowance to stay at the 50% inclusion rate
- Capital loss planning at year-end is now more important and valuable
- The capital gains exemption at $1,250,000 is worth much more than before
- Income splitting with capital gains has an important new dimension
- Spreading out a capital gain with a vendor take back mortgage can produce a real savings
Each year, we put on a Tax Seminar Series with important updates and tax planning ideas. It has been attended by thousands of CPAs over the years. Most repeat year after year.
Find out how you can register and learn new tax planning ideas like those above for capital gains.