Monday, July 16, 2018

Happy Money Monday: Terminology Talk!

Today we're talking about capital gains. What are they? WHY are they?

Capital gains tax is a tax payable on the profit realized on the sale of a non-registered investment. The most common capital gains are realized from the sale of stocks, mutual funds and other investments. In Canada, there is no capital gains tax currently on your primary residence or on investments held in a TFSA. Also, generally speaking only half the growth is taxable at your current tax rate.

Posted at 08:08 AM