Investment Investment account Purchase price Sale price Gain Capital gains tax After-tax gains Bitcoin Non-registered $23,500 $61,000 $37,500 $3,750 $33,750 Bitcoin ETF TFSA $23,500 $61,000 $37,500 $0 $37,500…
Read more How to invest tax-free in a bitcoin ETF in Canada – MoneySenseShould Canadian non-residents keep their TFSAs? Tax-free savings accounts (TFSAs) can remain tax-free for a non-resident of Canada—at least from a Canadian perspective. If a foreign country taxes…
Read more Should Canadians keep their investment accounts when retiring abroad? – MoneySenseThe basic personal amount The age amount Amounts for spouse and dependents Adoption expenses CPP and/or QPP contributions Employment insurance premiums Home buyers and home accessibility amounts Digital…
Read more How to fill out a personal tax return for 2023 – MoneySenseWhen you contribute to an RRSP, you must claim the contribution on your tax return for the year. That is, you report the fact that a contribution was…
Read more Should you hold onto unused RRSP contributions? – MoneySenseA corporation’s investment income is generally taxable at between about 47% and about 55%, depending on the corporation’s province of residence. This includes interest, foreign dividends and rental…
Read more How is passive income taxed in Canada? – MoneySense
