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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
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?

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!