How Taxes on Capital Gains Work in Canada (Capital Gains Income 101) + Tax Loss Harvesting?!

When you sell an asset for a profit, you have to pay the tax man at the end of the year, but how much? How are Capital Gains in Canada taxed compared to ordinary income? Knowing how to calculate your Capital Gains tax bill can help you quickly figure out how much money to hold aside at the end of the year for taxes.

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website to find your marginal tax rate by province + income level: https://www.taxtips.ca/marginaltaxrates.htm

00:00 - 00:51 Why care about Capital Gains?
00:52 - 1:47 What is a Capital Gain?
1:48 - 2:46 Realized vs. Unrealized Capital Gains
2:47 - 4:29 How Capital Gains are taxed in Canada
4:29 - 9:08 My Easy 3 Step formula for figuring out your net vs. tax
9:09 - 10:08 How do Capital Gains compare to working income?
10:09 - 12:30 Capital Losses + Tax Loss Harvesting
12:31 - 13:20 How to reduce taxes on Capital Gains
13:21 - 13:50 Outro
Please note: this video is just for your entertainment and not to be misconstrued as financial advice. Thanks, Mrs Invest.

Видео How Taxes on Capital Gains Work in Canada (Capital Gains Income 101) + Tax Loss Harvesting?! канала Mrs Invest