All Questions
4
questions
12
votes
3
answers
7k
views
Capital gains on stocks sold to take initial investment off the table
Suppose I have invested $100K in a stock that was trading at $100 per share. The stock has gone up by 10 percent and is now at $110. I sold 909 units at $110, i.e. 909*$110 ≈ $100K, which is ...
7
votes
2
answers
20k
views
How do I claim investment income that was earned in a jointly held account?
My spouse and I now have a jointly held investment account.
I have received a T5 "Statement of Investment Income" for the account for the tax year, addressed to Mr James Foobar or Mrs Jenny Foobar.
...
- 6,484
2
votes
2
answers
897
views
What is the real tax benefit of Tax Free Savings Accounts (TFSA) vs normal (unregistered) savings or investment accounts?
From an investor's point of view, are investment options that are allowed to grow 'tax free' a beneficial choice? The investor is anyway going to pay tax once he withdraws the money*.
What I am ...
- 16k
2
votes
1
answer
426
views
Which investment option provides the best income tax benefit? [Canada]
If I have $100 to invest and I have the ability to choose from the following:
GIC at 3% interest
Shares that I might later sell at $105
Shares that pay a dividend of $3
Assuming that the period is ...
- 6,230