Cash & Your Capital Gains Exemption
Today I want to talk about your corporation and how having too much cash inside of it can inadvertently affect your capital gains exemption if you’re planning on selling.
LCGE
In 2022, if you sell shares of your small business in Canada, you have a $ 913,630-lifetime capital gains exemption.
Let us go over an example of how it would look if you were to sell your business and have a $1,000,000 gain on the sell your shares.
