If you've recently earned profit from selling an investment, you may be required to pay capital gains tax. In Canada, capital gains or losses are realized only when assets (such as stocks, bonds, precious metals, real estate, or other property) are sold and are subject to capital gains tax.
In this article, we will focus solely on gains realized through the sale of securities (most notably stocks). A good understanding of this form of taxation may help you formulate personalized tax saving strategies.
While this article offers general guidance, it is not tax or investment advice. It is always in your best interest to work with a tax or investment professional who can offer personalized support.
