Federal Budget Focus: Lifetime Capital Gains Exception and Restricted Farm Loss Rules

042913_2023_JointTenant1Two particular items, lifetime Capital Gains exception and Restricted Farm Loss rules, have caught my eye as I have been reviewing Federal Budget highlights from various media sources, writes Sandra Woodbridge, VeriBIZ business advisor. The recent tax alert from Collins Barrow Chartered Accountants helps us understand how these two items can affect a farm operation.

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