In part 2, we’ll be going over a strategy that you can now use due to Bill C – 208.
This strategy allows you to use your capital gains exemption while you’re alive while also withdrawing cash from a corporation tax preferred.
Watch the video above for a farm example where Mom and Dad can use their capital gain exemption to their advantage due to Bill C-208.
Colin Sabourin is a Winnipeg-based investment & financial advisor with Harbourfront Wealth Management. His specialty is working with farmers who are planning to sell or transition their farms within the next 5 to 10 years.
Disclaimer: The views expressed are those of Colin Sabourin, Certified Financial Planner, and Investment Advisor, and not necessarily those of Harbourfront Wealth Management Inc., a member of the Canadian Investor Protection Fund.
