Therma Bright Inc V.THRM

How Much Would You Pay In Taxes

[InvestNInterest]

If you make 1M dollars? Does anyone have an idea?

[NeedAPool]

Need more info to answer that question. Do you mean in income? By a stock going up? If you mean income, where do you live? That is the main driver of tax rate. If you are talking about making $1m on the stock market, it depends where you have the stock. If you are in Canada and have your stock in a TFSA you pay 0 tax. If you have it in an investing account then the any growth (once you sell it

[TraderKSC]

If you live in an country that has got a contract for capital-incomes you've got to pay the contracted tax. As here in germany we've got to pay 25% plus church.

[TraderKSC]

.. forgot the addition. That is for a share hosted in canada.

[InvestNInterest]

Damn.. okay, that's interesting. Appreciate the info

[InvestNInterest]

Canada and 1M made from a stock in a margin account. I understand the TFSA investment side but was generally wondering how much would be owed in the next year. Thanks

[NeedAPool]

My first comment will be this.... Don't take anything you read on Stockhouse, including my response, as gospel. When you are talking about this amount of money incorrect information could cause you significant issues. I would 100% suggest you contact whoever it is you trade with or even the CRA to understand thoroughly what is involved!!!! Now with that disclaimer out of the way...If I

[InvestNInterest]

I definitely need to look into this. Much respect for the details! We all can learn from this

[Greenrolls8]

This post has been removed in accordance with Community Policy

[Greenrolls8]

This post has been removed in accordance with Community Policy

[Widendumb]

[InvestNInterest]

Taking notes.. Respect, Bro

[NeedAPool]

I understand what you are saying but...when you input the amount into a tax calculator as a capital gain, it taxes it differently than when you input it as income (I tried it both ways.)  Assuming it is taxed as income and not taxable gains, it is Important to note that when you say 33% and 13%, that is only on the amount above $216k federally and $220k provincially. The amounts below that

[InvestNInterest]

Great articulation!

[Widendumb]

[cote101]

Can we talk about THRM instead of TAX Come back here when 20 guys + make 1 M + it will be interesting at this moment- but the share must go to- 2-5 $ before Cote101

[NeedAPool]

So you've got something productive to discuss right now? What an ignorant comment from you. I'm not sure you know how message boards work but it can't be all, "This is going to .10 cents in a week or TO THE MOON!!! WE ARE HITTING $20 BY FRIDAY!!!" Someone asked a question and we are discussing it. Please put us on ignore like I am about to do with you. Jesus...Stockhouse has

[NMINML]

Side note: if you day trade in your TFSA or non registered account, CRA will probably tax you on 100% of the gains as opposed to 50% as they're now saying this is like a business as opposed to capital gains. And if you make capital gains inside an RRSP, while you don't pay any tax up front you will pay tax on 100% of the withdrawal amount when the money comes out of the RRSP, instead of

[nrv090909]

Hi, how long can we carry forward capital gains? Do we have to pay the taxes the following year? Can we carry it forward or backwards against capital loss? 

[NMINML]

Tax on gains in a year due by April 30 the following year. You can carry losses forward indefinitely to offset future gains. Losses in a year can be carried back 3 years against prior gains 

[goinfishn]

why would you not just google those questions ?

[InvestNInterest]

Hmm.. interesting. Glad to know these things exist. Gotta love the govt with their hands in everything

[420sleep]

There are a certain amount of trades you can make per year using a tfsa account without them considering it a business. I'm not sure the exact amount I believe 7-8 trades per year comes to mind. 

[NMINML]

That would probably be fine. It's the 7-8 trades a day I imagine they're going after

[Widendumb]

[InvestNInterest]

Damn... Almost a ate mill. Insane. Thanks Bro