All Questions
8
questions
1
vote
1
answer
65
views
What time period determines the long-term capital gains tax for foreign individuals in Canada?
Let's say I am either a resident of the US or Mexico. If I have a stock I have held for more than 12 months while abroad, and then sell it within the first week of my arrival in Canada, would it be ...
- 1,570
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
0
votes
1
answer
205
views
Canadian Citizen and Non Resident for tax purposes
I am a Canadian citizen was a non resident for tax purposes. If I sold stock shares in January 2016 and became officially a Canadian resident again in April 2016 (3 months after selling the stock), ...
- 1
1
vote
1
answer
465
views
US citizen paying capital gain taxes in Canada on sale of property in US
My son, who is a US citizen living and working Canada. Just sold a piece of property which he inherited in the US. The capital gains was $160,000 and US Federal and State capital gains taxes came to ...
- 11
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
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: $650,000
Joint-owners: David & Rebecca, married and both are ...
- 131
3
votes
1
answer
1k
views
Can I use losses from sale of stock to offset capital gains from sale of property
If I make a capital gain from the sale of a house but make capital losses from the sale of stocks in my brokerage account (not tax sheltered), then can I use the losses against the gains to reduce my ...
- 16k
0
votes
1
answer
393
views
Offsetting capital losses against gains for stocks
Let us say I hold 4 stocks in a non tax sheltered account
Stock A has capital gain of 10$.
Stock B has capital loss of 20$.
Stock C has gain of 10$ but it is intra day, hence counted as income, not ...
- 16k