Capital Gains Tax

By
Real Estate Sales Representative with TwoMoveYou Guaranteed Real Estate Brokered by Century 21 Percy Fulton Ltd., Brokerage

Investing can yield some very healthy income. But, along with that generated income comes capital gains tax. the Canada Revenue Agency (CRA) charges capital gains on any asset or investment that you sell for a profit.

 

When charged with capital gains, a percentage of the difference between the purchase and sale price adds to your income. Capital gains taxes are most commonly associated with real estate. However, they are also charged with a wide variety of investments and the resulting income.

Comments (2)

Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

The ole dreaded Capital gains tax.... yucky!  Whether in Canada or USA, we all deal with a concept that is really screwed up.  When an individual is wise enough to know HOW to make their Money Work for them;  then they are penalized for that knowledge when making their money work for them and taxed like crazy. 

Aug 11, 2020 06:45 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Victoria Carter Guaranteed Services - then there is the difference between the short term and long term capital gains.

Aug 11, 2020 06:52 AM

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