Tax advisory
Taking Advantage of the Lifetime Capital Gains Exemption for Farm Property
With the 2015 Federal Budget effectively increasing the lifetime capital gains exemption (LCGE) for qualified farm property (QFP) to $1 million, now is a good time to revisit capital gains tax planning. (The LCGE portion of the budget was enacted on June 23, 2015.)
Kathy Byvelds
Luther VanGilst
Aug 11, 2015