Capital Gains Exemption

[MarkTorgerson]

Is there any way to organize your portfolio to take advantage of the $750,000 capital gains exemption when you dispose of income generating properties? For example, either moving them or purchasing them in a small business corporation? Any suggestions or input to help minimize taxes would be appreciated.



Thanks

 

[Thomas Beyer]

Not sure if buildings or houses qualify as they are deemed "passive investments" !



I think you have to sell shares in an active corporation.



But I am confused here personally and would appreciate some insight by an expert.

 

[moparcanuck]

You are correct. To qualify for the capital gains exemption, the shares have to be qualified small business shares. Passive investments like rental corporations do not qualify.