Carney announces capital gains move – oh, and a general election
The legislation to change the inclusion rate had not received royal assent when Parliament was prorogued by Justin Trudeau and therefore died on the order paper. Carney said his government plans to introduce legislation affecting the increase in the Lifetime Capital Gains Exemption limit if it wins the election.
The tax rate depends on how long you hold it before selling. If you own cryptocurrency for a year or less, you’ll pay short-term capital gains tax. If you sell your cryptocurrency after more than a ...
Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Selling high-performing stocks or a cottage property can reap significant profits ...
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