Capital Gains Exemption for Business Owners

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.



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.

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.

Farm Transition Guide

The hardest part is getting it started!

Let this guide be step #1. Ten tips specifically for farming families to help transfer their farm as efficiently as possilbe.

Get your guide below