All Questions
Tagged with canada capital-gain
29
questions
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
8
votes
3
answers
450
views
Is it tax-inefficient to receive and pay rent?
Suppose I own a home and live in it. Then I realize I want to move to another part of town that is closer to work. But this is temporary because I don't know what my job will be in 5 years.
So I rent ...
- 264
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
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
3
votes
1
answer
83
views
Ontario Capital Gains,are profits also part of taxable income?
Say I Sell my investment property house for 500k and bought it for 250k. Leaving me 250k profit.
I'd be taxed on 50% of that correct: 250/2 = 125k taxable. and 125k Profit.
Now my 125k is taxed ...
- 353
3
votes
2
answers
1k
views
Any capital gains taxes owed for non-residents selling stock in Canada?
I own stock of a company outside of Canada. Recently, the company was bought out by a Canadian company with newly issued shares listed in Toronto. As a shareholder of the company, I received new ...
- 31
2
votes
1
answer
325
views
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 ...
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 ...
2
votes
1
answer
538
views
DRIP Vs. Cash Dividend in a taxable account - Which one is beneficial from the tax perspective?
I believe dividends are considered as an income and if you reinvest using DRIP it won't be income but capital gain later when you sell the stock?
What are some advantages and disadvantages of doing ...
- 185
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
0
answers
583
views
Capital gains tax from selling Canadian property for Canadian non-resident
Case: Capital Gain Tax Implications for House in Toronto, ON
Purchase value of House in 2000: $230,000
Potential Sale value in 2015: $650,000
Joint-owners: David & Rebecca, married and both are ...
- 131
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
1
vote
2
answers
142
views
Should I sell/transfer an investment and pay capital gains tax, if it means investing it most wisely?
I married someone with about 100k in an investment portfolio that I do not think aligns with our financial objectives. I want to transfer this to a new joint portfolio (new institution too), but doing ...
- 113
1
vote
1
answer
1k
views
How to report multiple currency transactions on T5008 (capital gains)
I have a brokerage account with Questrade and recently had a T5008 issued to me.
On this slip is a listing of my equity purchases and sales along with the capital gain or loss on each transaction.
...
- 1,293