When selling your business, you can avoid taxes on the first $800,000 – The Importance of the Capital Gains Exemption

July 3 2015   Hugues Boisvert Founder&CEO, Business Lawyer The concept is simple—if you sell shares of a qualifying corporation for a profit, the first $800,000 of your gain on a lifetime basis can be received on a tax-free basis ($813,600 for 2015 tax year). As usual, under the Income Tax Act, the rules are complicated and it […]