Hello,
What’s the capital gains tax rate in canada, for example when selling one’s company?
Thanks,
SV
What’s the capital gains tax rate in cana?
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When you sell an asset or shares for profit, one half of the gain is taxable at your marginal tax rate. For example, assume that you sold shares of a Canadian company for a profit of $20,000 and you are in a 40% tax bracket. In this case, one half of the capital gain will be taxable at your marginal rate:
Taxable portion of gain $10,000
Marginal tax rate x 40%
Capital gains tax payable $4,000
Capital gains tax of $4,000 will be payable.
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