Falling coming soon.

[RichD]

Hey GAP,
I never noticed the play on "Rich Dad Poor Dad" My first name just happens to be Richard and my last Mame starts with a D.  Nice catch :>
I'm not overly creative>?>?>

[jfinlay01]

Frank... you are correct the exemption only applies to small business and farms. I work in the world of agricultureand should have explained this in the posting.... wouldn't it be nice for all.

[micr0be]

Didn't I hear something a while back about some conservative plan to not tax capital gains as long as profits are reinvested?  I may have just been having a good dream since I don't see what would stop someone from selling and instead of realizing the gain invest in some new-fangled "clone" mutual fund that synthesizes investing in money market/GICs yet is treated as equity (just like how we used to avoid foreign content in RRSPs)....but I digress.  Has anyone heard of this because the best legal way I found to avoid paying capital gains on properties is to live in them for "2 of the past 5 years" and sell them as a primary residence...which required moving but saves a bundle.

If this scheme exists outside my imagination, I can see it really injecting some vigor into real estate market.

I apologize in advance for my likely poor understanding/misconceptions about this plan but since I left the workforce my former quasi-religious fervour for financials seems to have petered off.

Rob