Your company may be worth substantially more today than when you started it. Under the right circumstances, and provided you haven't already used the exemption, you may be able to crystallize the Capital Gains Exemption. This has to be evaluated against the tax-sheltering benefits on investment income earned by your RRSP contributions. Write-off rules on ABILs are more beneficial than on capital losses incurred personally. Recent tax law changes make claiming large donations less problematic.
Interest paid to earn business or investment income is deductible by the payor.
JavaScript-Enabled Site Navigation Detailed instructions for searching this site. Bennett Gold's managing partner welcomes your comments . Check the site map for a navigation overview of our site. 1997 by Bennett Gold, Chartered Accountants Toronto, Ontario, Canada. All Rights Reserved.