Let"s illustrate this with an example: in the above portfolio, the manager added 700 shares for $160.86 per share on Sept. 12, the day Apple CEO Tim Cook launched major products like the Apple ...

Capital gains triggered in Period 1 (Jan. 1 to Feb. 27) carry an inclusion rate of 75 per cent Capital gains triggered in Period 2 (between Feb. 28 and October 17 ) carry an inclusion rate of 66 2 ...

The Income-tax Act of 1961 outlines set guidelines for offsetting capital gains and losses. This enables taxpayers to deduct losses from gains effectively, ultimately reducing their tax burden.

Now, we're ready to calculate Dave's capital gain, in Canadian dollars, if he were to sell today. It is the sale proceeds of $161.11 minus the ACB of $75, or $86.11.

Long-term capital gains tax (LTCG): The tax on long-term capital gains has been increased from the existing 10 per cent to 12.5 per cent for both financial and non-financial assets.