Corporations, trusts and estates
What is the Lifetime capital gains exemption (LCGE)?
An exemption on gains from selling qualified small business corporation shares or farm and fishing property: $1.25 million from June 2024, and $1,275,000 for 2026 now that it is indexed.
Good to know
The shares must meet tests for 24 months before the sale.
Also called: LCGE, capital gains exemption.
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Reviewed by the Done Right Accounting team. Last reviewed October 2026.