The Lifetime Capital Gains Deduction$\_\_\_\_\_\_\_\_\_\_\_\_\_.$

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Part $1$

A$.$

currently allows every individual resident in Canada to enjoy a certain amount of$$ tax$-$free capital gains during their lifetime on the disposition of specific qualified property

B$.$

currently allows every individual resident in Canada to enjoy a certain amount of$$ tax$-$free capital gains during their lifetime on the disposition of qualified farm$$ property, qualified fishing$$ property, and qualified cultural property

C$.$

allows every individual resident in Canada to enjoy$$ $$1$ million$$ tax$-$free capital gains during their lifetime on the disposition of qualified farm$$ property, qualified fishing$$ property, and qualified small business corporation shares

D$.$

was first introduced in $1985$ and originally allowed every taxpayer in Canada to enjoy up to

$ $500,000$$$500,000$

$$tax$-$free capital gains