Learn how the current intergenerational business transfer rules, section 85 rollovers and the lifetime capital gains exemption work together when passing a Canadian family business to the next generation. Includes 2026 LCGE limits, a simple example and election requirements.

Budget 2026 proposes higher T1135 reporting thresholds, but the current rules still apply to the 2026 tax year. Here is what B.C. taxpayers with foreign property should review now.