Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

Selling your home can trigger capital gains taxes, but there are ways to reduce or eliminate your bill, experts say. Here’s what to know.

Just as the bloated level of estimates of billionaire fortunes causes us not to consider the possibility those fortunes may ...

With tax rules, details matter. Read more from The Wall Street Journal's Laura Saunders on this year's key tax considerations for investors, including details ...

What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Understanding capital gains can feel confusing for young professionals. What are capital gains, and why do they matter? When ...

The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...

BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.

Capital gains explained. Before we dive into the tax part, let’s go through how to calculate capital gains on the sale of a property. Essentially, this calculation figures out how much the ...

This is the highest rate of tax you pay, and will depend on your total income. If you have savings split into more than one account, you may want to repeat this exercise to calculate the potential ...

You can calculate these numbers yourself. To estimate your capital gains tax rate, multiply your combined federal and provincial/territorial tax rate by the applicable inclusion rate (0.5 or 0.6667).

(“BrightSpire Capital” or the “Company”) announced the tax treatment of its 2024 common stock dividends. The following table summarizes BrightSpire Capital’s common stock dividend ...