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?
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.
SOCIAL CONNECT