English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2006-08-20 07:45:28 · 1 answers · asked by Jasper M 2 in Business & Finance Taxes Canada

1 answers

Canada doesn't have long and short term capital gains as in the US. They are treated the same. There's also no set tax rate. 50% of the gain is treated as taxable income and is taxed based on your income bracket (so if you had $2000 in capital gains, you declare $1000 of income on your return).

2006-08-21 14:30:14 · answer #1 · answered by Anonymous · 0 0

fedest.com, questions and answers