Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion ...

Capital gains and losses are taxed differently from income like wages, interest, rents, or royalties, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).

Investing in stocks, real estate, or collectibles can be highly rewarding.  However, when it comes time to sell those assets, any profit will trigger a ‘capital gains' tax.  It is important to ...

It’s not a specific tax, per se…. But more on that below. For more on the ins and outs of how capital gains works, read: Capital gains explained. Before we dive into the tax part, let’s go ...

In other asset classes, this period is 24 months. Please note that additional components like surcharge and cess also apply while calculating the effective capital gains tax in both categories. The ...

The calculation of tax rebates continues to be unclear when it comes to income from capital gains. This issue arises ...

A stronger estate and gift tax and a fairer capital gains tax could prevent the massive accumulation of wealth for some while others struggle economically. A fair corporate tax code, including a ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT) as a basic-rate taxpayer, or 24% if you pay a higher rate of tax. For other assets, such as shares, the rate depends ...

I explained to my fellow passengers what had ... I would have been facing a significant capital gains tax. It is telling that I never thought about it. It’s like winning the lottery.

The Liberal government's changes to the capital gains tax are now being challenged in court. The Canadian Taxpayers Federation filed an application for a judicial review of the policy on Friday.