Capital Gains Tax

By: Victoria Carter

Capital Gains Tax

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Investing can yield some very healthy income. But, along with that generated income comes capital gains tax. the Canada Revenue Agency (CRA) charges capital gains on any asset or investment that you sell for a profit.

When charged with capital gains, a percentage of the difference between the purchase and sale price adds to your income. Capital gains taxes are most commonly associated with real estate. However, they are also charged with a wide variety of investments and the resulting income.