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Nancy Graham CPA, CA, CIM, CFP, TEP

Portfolio Manager
Contact
  • T613.237.5544 x 303
  • 1.800.230.5544
  • F613.237.5949
  • 265 Carling Avenue,
    8th Floor,
  • Ottawa, Ontario K1S 2E1

What’s a “Business Capital Gains Exemption” (and What’s It to You)?

August 24, 2017 - 0 comments

Calling all business owners: Are you positioned to make best use of your lifetime capital gains exemption? Or maybe you’re wondering what I’m talking about to begin with. If so, you’re not alone. Since it doesn’t come into play until you’re ready to sell your business, it’s possible nobody’s mentioned it to you when you’re still mid-career.

But there’s a catch to ignoring the issue for too long. If you wait until the last minute to get the hang of your potential capital gains exemption, it may be too late to use it. That would be too bad. When the time does come to “sell” off into the sunset, it can be a powerful tax-saving tool for keeping more of your business sale profits for yourself and your family … if you’ve properly prepared for it.

Invest a few short minutes today to learn more in today’s “No Dumb Questions.” Sometimes, these sorts of business planning strategies generate new questions too. If so, send them my way so I can add them to the “No Dumb” list.

 

By: Nancy Graham with 0 comments.
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