Only long-term capital gains must be reinvested when selling a residential house to claim tax exemption under Section 54. In ...

Selling your longtime home and downsizing in retirement is a common practice for people entering their golden years. While ...

If you are planning to sell a property, understanding the rules around Capital Gains Tax and Advance Tax is crucial. The ...

Contrary to conventional wisdom, increasing capital gains tax rates could modestly improve economic growth by reducing ...

RRSP contributions can reduce capital gains tax. How does that work, and when might a different tax strategy be a better option? When you sell an investment that isn’t tax-sheltered for a profit ...

Assuming you pay 15% on capital gains, you’ll owe $21,000 ($140,000*0.15) in federal taxes after applying the exclusion if you’re married and filing jointly.

It was one of Kamala Harris’ most controversial policies that even one of her most ardent supporters called an “economy killer” — but Tuesday’s budget reveals Labor is full steam ahead on taxing ...

Capital gains tax is a levy imposed by the IRS on the profits made from selling an investment or asset, including real estate. Primary residences have different capital gains guidelines than ...

The tax rate depends on how long you hold it before selling. If you own cryptocurrency for a year or less, you’ll pay ...

I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the ...

Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets. Selling high-performing stocks or a cottage property can reap significant profits ...

Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and reinvestment planning that helps avoid paying capital gains tax. When ...