RE:RE:RE:RE:RE:RE:Poilievre promises to reverse capital gains change:Red_Deer wrote: ""PLEASE tell me how the CRA collects the tax on the sale of a rental property or cottage when it does not know it happened UNTIL you file a tax return???""
Hey PACKER__INDEED Correct WITH REGARD to Any Real Estate SALES
But CRA WILL KNOW About ALL Your SECURITIES Sales Done in 2024
As ALL Such Transactions ARE REPORTED to CRA by YOUR BROKER
Sure Reddeer.... you sold stock and are going to report stock capital gains ABOVE 250k in 2024???
That's NET cap gains? No losses???CONGRATULATIONS, man!