2024 Lifetime Capital Gains Exemption increased to $1,250,000
Update: 2024-06-17
Description
In this episode, we dive into the 2024 federal budget's significant update: the increase of the Lifetime Capital Gains Exemption (LCGE) to $1.25 million, up from $1,016,836, for the sale of qualified small business corporation shares and qualified farm or fishing property. Effective for dispositions on or after June 25, 2024.
Curious to learn more about this update and how it could impact your business?
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https://www.achenhenderson.ca/
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