Yens Pederson quoted in on capital gains exemption

May 14, 2013

If you have clients who put properties into trusts 19 years ago, you have work to do.

Back on February 22, 1994, the federal government eliminated the $100,000 capital gains exemption for individual taxpayers.

CRA cut the capital gains rate to 50% from the prior 75%. But it also nixed a $100,000 lifetime capital gains exemption popular with investors who cashed out stocks they’d planned to sell sooner rather than later.

Read the full article in the May 14, 2013 edition: “Beware the 21-Year Rule