RE:RE:RE:CRA taxing TFSACdread wrote: How much do you get taxed when you sell for profit? I have never sold a single share of anything I have bought. My TFSA is already at its limit for the year so it's not really an option for me.
Depends on if you're professional or non-professional. So let's say you're a non-professional like most people.. You have your regular job and you do stock on the side. Say you make enough to be in the first income bracket (25%). Let's say you also gain 100k in profit from NPH this year. Since you're a nonpro, only 50% of your capital gain will be taxed at your income tax rate which is 25%. To simplify it, 100k * 0.5 = 50k and 50k * 0.25 = 12.5k. So out of that 100k of profit, 12.5k goes to CRA and 87.5k goes to you. In my case, I'm a student in university and I work part time so I am in the bottom bracket. I only get taxed 12.5% on all of my capital gains 😊