OTCQX:GTBAF - Post by User
Comment by
captainpoobyon Dec 19, 2019 6:30pm
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Post# 30474644
RE:RE:TFSA Canada
RE:RE:TFSA CanadaFor US. Shareholders looking to avoid capital gains tax, look into “Qualified Opportunity Zones” or “Qualified Opportunity Funds”
Created by Trump’s tax plan, the funds are sort of like a REIT but the money has to go into depressed areas (Qualified Opportunity Zones) like low income housing. Depending on how long you leave the money in, you can defer or completely eliminate capital gains. You have 180 days after earning the capital gain to invest the money.
That is is a very quick and simple explanation, by no means is it financial advice. There are far more intricacies and rules than I mentioned above.