The Canadian Revenue Agency Feb. 12 announced an increase to the 2018 lifetime capital gains exemption limit on the disposal of qualified small business corporation shares. to C$848,252 (US$637,122) from C$835,716 (US$627,706). Taxpayers may deduct up to C$424,126 (US$318,561), since half of the capital gains on the disposal of the shares is included in taxable income. [Canada, Canada Revenue Agency, 02/12/19]
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