Estimate your exact market taxes. Toggle between Investor and Active Trader to see the massive difference in how the CRA taxes your gains.
Understanding Capital Gains, the CRA "Intent" rule, and trading write-offs.
For personal investors, the CRA only taxes a portion of your profits. You pay tax on 50% of your first $250,000 in capital gains. Any gains above that $250,000 threshold are taxed at a 66.67% inclusion rate.
Yes, but capital losses can only be used to offset capital gains. You cannot use stock market losses to reduce the tax you owe on your normal day job (T4) salary.