Capital Gains and Losses

This module provides a detailed examination of the taxation of capital gains and the treatment of capital losses for individuals. Learners will explore the inclusion rate, adjusted cost base (ACB), superficial loss rules, and allowable business investment losses (ABILs). Key planning tools such as the Lifetime Capital Gains Exemption (LCGE) are discussed, along with their integration into broader planning for qualified small business corporation shares and qualified farm/fishing property. The module also addresses reserve provisions, capital loss carryovers, and how capital gains interact with estate planning, charitable giving, and business succession.