12/14/2023 0 Comments Reddit flat tax rate![]() The value of a capital gain is treated as income earned during the tax year in which it was realized. They also don’t apply to the property you live in-your principal residence.Ĭapital gains are taxable in Canada. Capital gains generally do not apply to some types of personal-use property, such as cars and boats, whose value tends to decrease over time. ![]() On the other hand, when you sell an asset for less than its original purchase price, that’s called a capital loss.Ĭapital gains and losses can occur with many types of investments and property, including stocks, bonds, shares in mutual funds and exchange-traded funds (ETFs), rental properties, cottages and business assets. If you purchased $100 worth of stock and then sold those shares for $150 two years later, for example, you would have a capital gain of $50. You have a capital gain when you sell an asset or investment for more than it cost you to acquire it.
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