Episode 5 – Owner-managed businesses Part 4: the Canadian capital gains exemption

This episode concludes our miniseries for owner‑managed businesses, so if you haven’t heard parts 1‑3, we recommend you check those out!

To round out the miniseries, Frankie and Sarah break down the specific criteria under the Income Tax Act (ITA) for the capital gains exemption, beginning with a brief overview of what it is, what it does and how business owners can qualify.

Become a little more savvy as Frankie and Sarah discuss:

• The definition and purpose of the capital gains exemption, and its specific qualifying criteria
• Tips on balance sheet categories for business owners
• The three main capital gains exemption tests of the ITA

Resources:

• Owner‑Managed Businesses Part 1: How To Pay Yourself (Ep. 2)
• Owner‑Managed Businesses Part 2: Creating Your Exit Plan (Ep. 3)
• Owner‑Managed Businesses Part 3: How To Maximize Your Business Valuation with Scott Sonley (Ep. 4)

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