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capital gain

  1. Capital gains on investment with interest expense

    Taxation
    Hi, if I have an investment that I am writing off the interest on the debt I used to buy the investment.... whenI sell the investment can the capital gain be claimed by my spouse if it is a joint asset or must it be claimed by myself? My understanding is I must pay tax for any dividends or...
  2. Capital Gains

    Real Estate
    Hello, I am married and own a home. My wife lives with me, but is not on the title of the home that we live in. I also bought a preconstruction condo which will be closing in about a month. My wife has been on maternity leave for the past 10 months so her income for this tax year is...
  3. Estate Planning - Property Transfer

    Taxation
    Hello, I'm helping my father with his estate planning. He has a primary residence with (200K mortgage remaining) and a cottage property (free and clear). He's only 68 years old. Plenty of years left. But he's quite adamant to structure this now. He wants to transfer the property to our names...
  4. Trading profits for full-time investor cannot be consider capital gains anymore???

    Taxation
    Sorry, I wasn't sure if this belongs to the investing or taxation forum, but it seems most relevant to taxation. The Situation: Let's say I decided to quit my day job since i'm nearing retirement anyways. And I plan to just live off my investments profits (mostly growth and dividend stocks) in...
  5. Capital Gains Tax on Revenue Property in BC

    Taxation
    Hello everyone! Just sold a revenue property in BC and had some questions. How is capital gains tax calculated? My understanding is that only 50% of the gain (profit?) is taxable. So, is that the price we sold it for minus the price we bought it for divided by two? Will we owe what ever my...
  6. Tax implications of Stock Options

    Taxation
    Hello, I work for a US start-up company from which I have received Stock Options (not yet excercisable). Does anyone know the best course of action to reduce tax burden in Canada ? No date for stocks to go public (at least 3 years or so as this is a very early startup). I am afraid that when...
  7. What are the benefits of claiming CCA on my Rental House?

    Taxation
    Good day everyone, Can someone explain the benefits of claiming depreciation on my Rental House? It seems to me that claiming depreciation might help me save on taxes for this tax year, but then I'll have to make up for the tax savings when I sell my Rental Property down the road. Am I...
  8. Any way to avoid capital gains on rental property???

    Real Estate
    I own a small rental property. I would like to transfer ownership of the property to my parents (i.e. gift the property), who will be retiring soon. The purpose of this is to supplement their retirement income with the rental income (it's not much, but a little bit extra each month will help)...
  9. Testamery trust Principle residence and capital gains

    Taxation
    This forum is quite helpful but I have not been able to find an answer to my question. I am the estate trustee and am managing an estate in which the only real asset is Home which was the principle residence for the Deceased. There are two beneficiaries, lets call them B1 and B2. which are...
  10. Do Capital Gains Count for Tax Credits?

    Taxation
    If one only makes $5000 from his job this year and his marginal tax bracket is 20% (in BC), then when all's said and done he shouldn't pay any income tax at all right? Because he can claim the $11,000 base tax credit, in his province. Question is, if he also made $20,000 from capital gains...
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