You can get the capital gains exemption on a sale of shares to your children. You can be paid with corporate funds. But here’s the question: Can you have both?
Legislation has now been released on this new incentive. It allows a reduced tax rate for individuals who realize capital gains from sale of shares of a small business corporation.
The capital gains exemption has never been worth more. With a tax rate on capital gains of around 36% and the new limit of $1,250,000, that is $450,000 in tax savings.
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