If you purchase stock in a corporation or invest in a mutual fund that periodically pays dividends, the payments you receive throughout the year can provide you with some extra income. Watch this video to find out more about how this income may affect yo
As an investor, it's important to understand how capital gains and losses work and how they’re classified, including what’s considered short-term vs. long-term, as it will impact your tax obligations. Before you sell any assets, learn the tax basics of
Capital gains are the profit from selling an asset, such as a stock, mutual fund, or ETF. You may owe capital gains taxes when you realize capital gains by selling an asset. Taxes are determined by your income level and how long you held the investment before selling. Generally, the capi...
It’s easy to get caught up in choosing investments and forget about the tax consequences—particularly, the capital gains tax. After all, picking the right stock or mutual fund can be challenging enough without worrying aboutafter-tax returns. Likewise, selling a home can be a daunting task,...
Capital Gains Tax Rates for 2025 The profit on an asset that's sold a year or less after its purchase is generally treated for tax purposes as if it were wages or salary. Such gains are added to yourearned incomeor ordinary income on your tax return.2 ...
(The major gold and silver ETFs, including the ones listed above, are structured as trusts, according to Todd Rosenbluth, head of ETF and mutual fund research at CFRA.) The capital-gains tax issue applies to investors who buy an ETF in a taxable brokerage account. But holding a p...
Short-term capital gains (STCG) attract a tax of 15%, while long-term capital gains (LTCG) are taxable only if the gains exceed ₹1 lakh during the financial year. Long-term capital gains attract a tax of 10 percent on the amount exceeding ₹1 lakh. Related Read: How Mutual Fund ...
How much capital gains tax will I pay? The amount of CGT you will pay depends on your taxable income, the type of asset sold, how long you held the asset and whether you are eligible for any discounts or exemptions. You can read more about this above, or see the exact calculation ...
I will agree with the basic math behind the statement that due to the fact that your RRSP and TFSA can grow tax free where the Smith Manoeuvre, even with tax deductible interest, is taxed on the dividends and capital gains.However, I don’t believe the Smith Manoeuvre is a replacement ...
"You might not realize it's coming until it shows up on your return. It's an extra 3.8% tax on investment income, including capital gains, dividends and rental income, aimed at higher earners to help fund Medicare." The tax does not cover income from wages or self-employment, Social ...