Quote:
Originally Posted by Rathji
Isn't there a one time gift that can be given to avoid capital gains tax like this or is that an old law (or one I misunderstand)
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I'm guessing you're thinking of the lifetime capital gains exemption which was in effect at one point in time for all capital gains; now it can only be used against capital gains that result from the sale of qualified small business shares, farming property or fishing property.