If you sell shares of SMALL CANADIAN CORPORATION, you may be able to take advantage of 750,000 capital gains exemption! Section 110.6 of the Income Tax Act (ITA) allows 750,000 tax-free capital gains to individuals. ...

Shareholder Loans It has been widely common for the business owners to use their sole manager/director status to simply take funds for living from the corporation. Or, make the corporation pay for their personal expenses ...