All Questions
Tagged with canada capital-gain
29
questions
3
votes
1
answer
1k
views
Can I use losses from sale of stock to offset capital gains from sale of property
If I make a capital gain from the sale of a house but make capital losses from the sale of stocks in my brokerage account (not tax sheltered), then can I use the losses against the gains to reduce my ...
- 16k
1
vote
1
answer
178
views
Where to park money from the sale of a rental property?
If I sell my investment property to raise cash for the purchase of a new home, I am required to pay capital gains tax (i.e. income tax on 50% of the gain amount.)
Is there a way to park this money ...
- 16k
2
votes
1
answer
1k
views
Capital gains on foreign investment?
An American "tax person" living solely in Canada must report any interest income earned in Canada on his/her US tax return. But, does this income include any gains or losses caused purely by currency ...
- 4,294
2
votes
1
answer
325
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How can I reduce my tax liability on proceeds from the sale of a company?
My (Canadian) company is about to be sold and as one of the first employees I'm expecting a significant payout from options (e.g. $2M !).
That sounds like an incredible amount of money, but this is ...
1
vote
2
answers
3k
views
Do I still need to pay capital gains taxes when I profit from a stock in a foreign currency?
Let's say I convert CAD 100 to USD 90. With the USD 90, I buy a stock that goes to USD 100, and then I sell it.
If I don't convert the resulting USD 100 back to (say) the CAD 105 it might be worth at ...
- 16k
0
votes
1
answer
83
views
Trading security and tax
According to GAAP:
If I buy 1000 shares of security A for 50$.
Then later, I sell 1000 shares of security A for 150$.
At the same moment I buy 1000 shares of security B for 150$.
For tax purpose ...
- 103
0
votes
1
answer
393
views
Offsetting capital losses against gains for stocks
Let us say I hold 4 stocks in a non tax sheltered account
Stock A has capital gain of 10$.
Stock B has capital loss of 20$.
Stock C has gain of 10$ but it is intra day, hence counted as income, not ...
- 16k
0
votes
1
answer
134
views
Is money from selling an investment property taxed at the marginal rate?
If I sell my condo (an investment property, not my primary residence) then I imagine I need to pay tax (provided I make a profit).
If I don't make profit, can I use the loss against my salary income ...
- 16k
2
votes
2
answers
13k
views
What capital gains taxes do non-resident Canadian citizens owe?
I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks ...
1
vote
1
answer
387
views
Does a corporation pay same capital gains tax as an individual?
If I open up a corporation in Canada and the sole purpose of the corporation is to trade stocks, does the corporation pay the same kind of taxes on investment gains as if I were trading those stocks ...
- 16k
1
vote
1
answer
1k
views
How to determine mutual fund or ETF capital gains taxes in Canada?
I live in Canada. I invest with TD Waterhouse, but I believe my question is unrelated to my specific broker.
Over the course of 2011 and 2012, I invested in a mutual fund indexed to the S&P/TSX (...
- 14.1k
6
votes
1
answer
2k
views
Can capital gains from employee stock options be transfered to a TFSA to avoid taxes?
In a scenario where, for example:
An employee exercised a "same-day-buy-and-sell" operation on his employee stock options. He ends up making a profit / gain of $10K. He already has a yearly salary of ...
- 205
4
votes
2
answers
1k
views
If I buy a property in an underage dependent's name am I exempt from capital gains (losses) on my income tax?
If I purchase a property in an underage dependent's name (son or daughter), and then sell it before they reach the age of majority, do I need to claim the capital gains (losses) on income tax if I ...
- 6,230
9
votes
1
answer
14k
views
How many days do I have to hold a stock before it is considered a capital gain by the CRA?
I want to sell a Canadian stock from my investment account that I bought a month ago. The stock makes about 20% gain and I am afraid it might go down in the future. If I sell it now, will Canada ...
- 93