Understanding Capital Gains
It has been almost 50 years since the federal government introduced taxes on Capital Gains. Before 1972, all capital gains were tax-free. Capital Gains Tax (CGT) was introduced to provide replacement revenues to compensate for the abolition of taxes on inheritance, and to provide additional revenues to finance the growing cost of social security systems […]
Capital Gains
Capital property represents assets that can appreciate (gain) or depreciate (loss) in value. A capital gain or loss results from the sale of a capital asset (ie: an investment, stock, bond, real estate, etc.). The capital gain is the increase in the value of the asset that gives it a higher worth than the purchase […]
