Whole Network Most Recent TOP10 Customer Service Human Resources Startup Taxes

 

What Do You Know About Lifetime $500,000 Capital Gains Exemption?

Filed in archive Taxes by Greg Balanko-Dickson on May 29, 2007

30904981.jpg
Neil McIntyre is a Canadian (almost finished his CA) who blogs, pretty unusual for an accounting professional. He wrote a great little article titled 6 quick facts about the capital gains exemption in Canada and number five (5) is something that sole proprietorships or partnerships need to know.
Unincorporated businesses - sole proprietorships or partnerships - are not eligible to use the exemption, which is a prime benefit to incorporation. There are ways to roll business assets into a newly formed corporation not resulting in tax. Via 6 quick facts about the capital gains exemption in Canada
With the growth in self-employment over the last 10 years, I wonder how many successful unincorporated businesses think they will someday be able to claim the capital gains made using the Lifetime Capital Gains Exemption?

If that is you, get in and see an accountant or look up Neil McIntyre.


Advertisement


Permalink: What Do You Know About Lifetime $500,000 Capital Gains Exemption?
Tags: Lifetime  500  000  Capital  Gains  Exemption  business  capital+gains 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/72520



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
 
  • Picture
    Be #1 on Google & Yahoo, get more customers and sales. Click here for your free trial!
  • Would you like to have a new interactive marketing channel for your company? Learn more about Sponsored Blogs with Creative Weblogging. See how we helped companies like Weblin and cellity reach their goals.
  • Would you like to reach millions of blog readers every day? See you banner on hundreds of blogs with TierOneAds? Stay in control measuring conversion in real time. Register now.
  • Would you like to make more money blogging? Use TierOneAds a new platform that allows you as a blogger to set your prices per impression. Register now.
  • Do you have a blog with more than 50k page views from the US? Let us market your blog and earn great fix payments and bonuses.
  • Would you like to see your text link here? Let us know!
Advertisement
Book yours here.

TierOneAds


  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..
TierOneAds






Advertisement - Book yours here..
 
Tagcloud: Business Banking Business Blogging Business Loans and Financing Business Succession Buying a Business Canadian Business Resources Canadian Small Biz Resources Customer Service Doing Business In USA Economic Outlook Energy Issues Entrepreneurship Government Human Resources Intellectual Property Internet Marketing Management Marketing Noteworthy Oil Field Industry Outsourcing Personal Development Remembrance Sales Sponsored Posts Startup Success Stories Succession Planning Taxes Technology Training