When is capital gains tax payable on the sale of property? And at what rate are capital gains taxed? We answer these ...

You can calculate these numbers yourself. To estimate your capital gains tax rate, multiply your combined federal and provincial/territorial tax rate by the applicable inclusion rate (0.5 or 0.6667).

Should I add indexed cost or absolute cost of unclaimed interest while calculating ... capital gains income but is available as an alternative computation for computing the long-term capital gains ...

Capital gains explained. Before we dive into the tax part, let’s go through how to calculate capital gains on the sale of a property. Essentially, this calculation figures out how much the ...

This decision has sparked frustration among property owners, as indexation typically helps decrease tax liability by accounting for inflation when calculating capital gains. The government has ...

If you make a gain after selling a property, you'll pay 18% capital gains tax (CGT ... CGT allowance in a given tax year, you aren't allowed to carry it forward to the next. Tackle your 2023-24 tax ...

The new provisions for taxation of capital gains come into force from 23.7.2024 and shall apply to any transfer made on or after 23.7.2024. How much tax do I have to pay? Calculate now LTCG from ...

In a LinkedIn post on Monday, Evelyn Jacks, president and CEO of Knowledge Bureau, offered her suggestion to manage audit risk this tax season. “[T]he prudent approach would be to calculate taxes on ...

How do I document the improvements for the capital gains tax calculation? Answer: As you probably know, you can exclude $250,000 of capital gains from the sale of a principal residence as long as ...