Lifetime Capital Gains Exemption (LCGE)

The 2013 Federal budget proposes to increase the LCGE to $800,000 of capital gains realized by an individual on qualified property. It is effective for the 2014 tax year.

The LCGE will be indexed to inflation for the years following 2014. The new limits apply to any taxpayer who has claimed the LCGE previously.

Tax - Capital Gains

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