If you have capital gains arising from the disposition of certain properties, you may be eligible for the cumulative capital gains deduction, and may be able to reduce your taxable income. For dispositions in 2015 of qualified small business corporation shares and qualified farm or fishing property, the lifetime capital gains exemption (LCGE) limit has increased to $813,600. For 2016, the amount is $824,176. The deduction limit is indexed annually to inflation using the Consumer Price Index data as reported by Statistics Canada. In addition, for dispositions of qualified farm and fishing property after April 20, 2015, the 2015 federal budget introduced an additional deduction which increases the LCGE to $1,000,000.