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

There are many good software packages that can keep track of all the different tax aspects that may arise in an SMSF.

Mutual funds have become one of the more popular vehicles for stock market investments. Mutual funds generally purchase an inventory of different stocks and are controlled by experienced ...

You can't always carry forward losses Most investors are aware that holding assets outside of an individual savings account (Isa) or a pension will eventually result in a capital gains tax (CGT) bill.

The Income Tax Act allows taxpayers to use capital losses to offset gains, reducing their tax burden. Even if you can't use the entire loss in a single year, you may carry it forward for future ...

The Income Tax Bill, 2025, introduces changes affecting NRIs and foreign companies, including tax rates on dividends and ...

And unlike ordinary income taxes, your capital gain is generally determined by how long you hold an asset before you sell it. Use our capital gains calculator for the 2024-2025 tax season to ...

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).

With less than a week to go for the Union Budget 2025, discussions around capital gains tax have centre stage among market participants. While the concept of capital gains tax is not new ...