RE: capital gain question Not correct whether or not you took the money out of your account doesn't matter taxes are based on the date you sell, pay tax on only stocks you sold during the year. If you won some and lost some then subtract the losses from the gains, include the fees you paid on those specific trades (buying and selling). If you buy and sell the same stock at different prices then you need to calculate the average cost at the time you sold. If you bought back the same stock in 2011 later but didn't sell those ones they are not included in your average price until the year you sell. What is left is taxed at 50% If you are trading through a canadian Tax Free Savings Account then you don't pay a dime on any of it, but there are rules on when to withdraw from that account and then when to deposit the money again, also if you decide to switch over get advice on how to do that...more rules......I assume you aren't using a TFSA or you wouldn't be asking and also assume you are Canadian.