Capital Gains and Losses Calculation and Taxation in Canada

What percentage of a capital gain is taxable in Canada?

How are net allowable capital losses treated in Canada?

What is the formula to calculate taxable capital gain?

In Canada, can allowable capital losses be applied to reduce other sources of income?

What happens if taxable capital gains are less than allowable capital losses in a given year?

What is the purpose of re-balancing a non-registered portfolio?

In the given scenario, how much is Terry's taxable capital gain from selling the Prime Canadian Equity Fund?

What is the net allowable capital loss Terry has for the year after utilizing her allowable capital loss to reduce her taxable capital gain?

How can Terry use her net allowable capital loss of $2,000?

What happens to capital losses in an investor's year of death or terminal return according to the text?

If a mutual fund has more capital losses than capital gains, what can be done with the remaining net capital losses?

In the scenario provided, what was the net capital loss of the Equinox Canadian Equity Fund?

What is the tax treatment of an investor's portion of a distributed net capital gain?

If a mutual fund distributes all income, dividends, and net capital gains every year, what happens to its capital losses?

What is the term used to describe a capital loss that can be used to offset capital gains for tax purposes?

What happens to the capital gain when a return of capital has been paid?

How does a return of capital impact the adjusted cost base of an investment?

In the scenario provided, what was the total distribution amount Nikos received for his investment in the High Peaks Fund?

What is the potential tax liability for a client who purchases a mutual fund just before the ex-dividend date?

How does receiving a distribution before selling impact a mutual fund investor's tax situation?

What is the main difference between a capital gain and a capital loss?

In the context of the text, what is the significance of an unrealized capital gain or loss?

What conditions must be met for a capital gain to occur according to the text?

How does the Adjusted Cost Base (ACB) affect the determination of a capital gain or loss?

What is an allowable capital loss in the context of taxation involving Uday and Oksana?

What happens to net capital losses for the year of death and the preceding year?

In what scenario are there no restrictions on using net capital losses from a year before death?

What can be done with capital losses in mutual funds in the return prior to the terminal return?

How are capital gains derived from redemptions and those distributed by mutual fund trusts distinguished?

What is the treatment of net allowable capital loss in the context of taxation?

Which step should be followed first to calculate tax payable?

What is an example of a legal tax avoidance approach mentioned in the text?

In tax calculations, what is the purpose of applying federal and provincial tax rates?

What is the significance of continuously familiarizing yourself with changes in tax rules?

Which type of investment provides a better after-tax rate of return according to the text?

What is an example of a legal tax avoidance approach related to medical expenses mentioned in the text?

Why is postponing the receipt of income considered a legal tax avoidance approach?

What does 'full utilization of allowable deductions' refer to in the context of tax avoidance?

How does splitting income with family members aid in legal tax avoidance?

In calculating tax payable, why is it important to know about changes in tax rules?