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 ...

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

Cancel anytime. The Missouri House gave initial approval this week to a plan to eliminate the state’s capital gains tax. Capital gains are profits from the sale of assets — like land or a ...

JEFFERSON CITY — The Missouri House gave initial approval Tuesday to a plan to erase the state’s capital gains tax, potentially blowing a $334 million hole in the state budget. Under the ...

When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

The capital gains tax is destructive. By lowering the rewards of successful risk-taking—essential to innovation and a higher standard of living—the cap gains tax needlessly hobbles progress.

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 ...

My investment accounts don’t withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? As capital gains ...

Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Investors can sigh relief for the 2024 tax year. Despite the capital gains inclusion ...

The Liberal government's changes to the capital gains tax are now being challenged in court. The Canadian Taxpayers Federation filed an application for a judicial review of the policy on Friday.

The release of a new, updated tax form doesn’t generally make headline news, but this week’s publication of the Canada Revenue Agency’s (CRA) 2024 Schedule 3, Capital Gains or Losses has more than a ...

With these rules, details matter. The difference between a 15% and a 24% tax rate on a capital gain can come down to holding it one day longer. Selling losers to offset gains from winners can also ...