Division C Deductions for Individuals
Division C Deductions for Individuals
Common Division C Deductions
- Stock option deduction = 1/2 * stock option benefit
- As long as not in money at the grant date
- For CCPC’s if in the money; hold for 24 months
- See Employee Stock Option notes for detail
- Social Assistance & Workers’ Compensation
- Home Relocation Loans for first 5 years
- prescribed rate * $25,000
- See Loans from employer to employee notes
- Lifetime QSBC CG exemption
- Gross amount = 848,252
- Net Amount = 848,252 * 1/2 = 424,126
*** previous ABILs and CNIL (cumulative net investment loss) claimed will reduce the Capital Gain exemption amount***
- Loss Carry Forward
- Non-Capital Losses (back 3 fwd. 20)
- Net Capital Losses (back 3 fwd. ∞)