RE:How are Canadians taxed when selling in a cash account? Everyone else will tell you "it depends" , more or less, blah blah blah
ill try for a simple, most likely answer.
only half your capital gain is taxable. So if you have a gain of $1 million you only have to pay tax on half. Allowing me to round and use a sort of average for all the provinces, that means you'll pay about 50% tax on your half million taxable, so 250k in taxes on a $million.
now don't complain. You just made $1 bucks, or $750k after tax. Not bad for an investment 2 years ago of just $50k .
Talwandi wrote: Thanks