Canadians are eligible for a lifetime capital gains exemption that many business owners use in their planning. This area allows you to enter the details about the capital gains exemption that the program calculations will use.
Include CEI: Select whether the clients are eligible for the Canadian Entrepreneur Incentive (CEI). This incentive provides a tax break to entrepreneurs who qualify for it. Selecting Yes while result in the capital gains inclusion rate adjusting to one-third (33.33%) and capital gains exemption will increase by $200,000 starting in 2025 until it reaches $2M in 2034.
CGE Amount: Enter the clients’ capital gains exemption amount at the start of the plan. This amount is used in the estate calculations the program performs.
Need more help with this?
Contact Razor Support