My name is Mark Goodfield. Welcome to The Blunt Bean Counter ™, a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant. This blog is meant for everyone, but in particular for high net worth individuals and owners of private corporations. My posts are blunt, opinionated and even have a twist of humour/sarcasm. You've been warned. Please note the blog posts are time sensitive and subject to changes in legislation or law.

Wednesday, October 8, 2014

The $800,000 Capital Gains Exemption

A couple of weeks ago I wrote a blog post on how the $800,000 Capital Gains Exemption ("CGE") Isn't a Gimme for Corporate Small Business Owners and how many private small business owners incorrectly assume they will automatically be entitled to the CGE should they sell the shares of their corporation.

Last week I was interviewed on the contents of the aforementioned blog by Promod Sharma for his Tea at Taxevity series. Promod, is an actuary by trade and insurance advisor. He is also the writer behind the blog Riscario Insider. The interview can be found  here. If you own shares in a Canadian non-public corporation, you should probably watch this interview.

The blogs posted on The Blunt Bean Counter provide information of a general nature. These posts should not be considered specific advice; as each reader's personal financial situation is unique and fact specific. Please contact a professional advisor prior to implementing or acting upon any of the information contained in one of the blogs. Please note the blog post is time sensitive and subject to changes in legislation or law.

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