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This is the most requested topic I see about Tax by a factor of two to one over any other. Here I bring together links and information on Capital Gains for Canada, United States, Other countries and cross-jurisdictional cases.
From my "Ultimate Tax Guide" to the answers in CEN-TAPEDE, capital gains proves again and again to be a complex and misunderstood subject, not only by you the taxpayer, but by tax and accounting professionals the world over. Of course the rules have changed over the years too, making filing back-tax returns complex because the governments don't typically have the old forms and rule books.
| What is a "capital gain"? A capital gain is best described as an increase in the value of an asset when you do not really have any control over whether the value of the asset will go up or down, and where you do not normally "trade" in that asset as your source of income. |
There are over 200 questions and answers in our e-mail archives about capital gains - here are some of the highlights or you can do the search yourself on Google
And of course, here you'll find articles and rulings excerpts that help you to understand what is going on
Last Updated Wednesday, July 30 2008 @ 04:50 PM PDT|4,316 Hits
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