$750,000 Capital Gains Ddeduction

You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares  in a qualified small business corporation, a qualified farm property, or a qualified fishing property. If you have already claimed the $100,000 personal capital gain exemption (ended in 1994) then this reduces the available lifetime capital gains to $650,000. Read More

Please follow and like us:
By |December 9th, 2013|SmallBiz Builder, Tax Tips|

Eligible Deductions & Credits

If you pay the following expenses by December 31, 2013 they will be eligible for the deductions of credits:

Childcare expenses
Deductible support payments
Charitable donations
Union and professional dues
Moving expenses
Political donations
Accounting fees
Medical expenses
Investment counsel fees
Interest paid on loans used to purchase investments
Tuition fees
Children’s Fitness Expenses
Children’s artistic, cultural, recreational or developmental fees

Please follow and like us:
By |December 4th, 2013|SmallBiz Builder|