Sentences with phrase «capital gains exemption exempts»

In addition, the lifetime capital gains exemption exempts $ 835,714 on the sale of qualified small business corporation shares and $ 1 million of lifetime capital gains for farmers and fishermen.

Not exact matches

Capital gain bonds are the bonds on which the interest amount received is not exempted, however the amount that is invested in these bonds can be claimed as an exemption from Capital Gains under Section 54EC.

If you sell any land separately from your home, the land is not exempt from capital gains tax under the main residence exemption.

Retirement exemption: Capital gains from the sale of your premises are exempt up to a lifetime limit of $ 500,000.

This exemption is available when the shares of an active Canadian Small Business Corporation are sold; in other words, up to a maximum of $ 750,000 of the capital gains would be exempt from taxes payable.

Capital Gains Exemption: Retain current law of exempting gains of up to $ 250,000 for single filers and $ 500,000 for joint filers for primary residence lived in for two of the past five years of ownerGains Exemption: Retain current law of exempting gains of up to $ 250,000 for single filers and $ 500,000 for joint filers for primary residence lived in for two of the past five years of ownergains of up to $ 250,000 for single filers and $ 500,000 for joint filers for primary residence lived in for two of the past five years of ownership.