Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
dhuri6534
New Member

We(me and my wife) have no income and I got capital gain 103000 for the year 2023. I fill tax joint with spouse. How much tax on it?

 
1 Reply
Dhiv
Returning Member

We(me and my wife) have no income and I got capital gain 103000 for the year 2023. I fill tax joint with spouse. How much tax on it?

Hello,

 

You can calculate your capital gains by the following:

 

Total proceeds - Adjusted Cost Base (ACB)

 

Generally you are taxed on 50% of the capital gains you receive.  You can find more information here:

 

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

 

Hope this helps!