A planning result in which the Lifetime Capital Gains Exemption (LCGE), which is available per individual, is used by several family members on the same business sale. A discretionary family trust that owns Qualified Small Business Corporation shares allocates the capital gain among multiple beneficiaries — such as a spouse and adult children — and each beneficiary claims their own exemption against their allocated portion.
Where several beneficiaries each shelter roughly $1.25 million (2025), the family can shelter several million dollars of gain that a single owner could not. The structure requires a trust deed that permits capital-gains allocation, eligible beneficiaries, shares that independently qualify as QSBC shares, and satisfaction of the 24-month holding period — so it must be put in place well before any sale.