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Important: Learn about the key points to Canada's Economic Stimulus plan

Client Communication:

Updates to Personal Tax in Recent Years

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  1. The 2018 cumulative lifetime capital gains exemption is $848,252.

  2. Starting with the 2016 taxation year, individuals who sell their principle residence will have to report the sale on their tax return. Reporting will be required for sales that occur on or after January 1, 2016 but there is likely no tax implications.

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