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Seniors and students
The difference between the purchase price of those investments and the selling price is, indeed, income. You should ask your investment firm for a buy sell report and report these investments as capital gains. If the info from CRA reported the full amount as income, there may not have been a cost included on the document that reported the sale of the investments. When done correctly, you will pay 50% tax on the capital gains.
‎October 29, 2019
11:39 PM