The Capital Gains Blog

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Question: Do you need to pay tax on capital gains if you reinvest immediately? (Canadian tax laws apply)?

I bought RY and hold for 9 months, sold in November 06, then reinvest all the proceeds into TD. My cap gain was roughly $5,000. Do I have to pay tax on that?

Answer: Yes you do.

YOu must claim the $5000 as a capital gain, regardless of the fact that you reinvested it. Complete Schedule 3 on your tax return and be sure to deduct any commissions that you paid your broker.

The taxable portion of this gain will only be $2,500.

Ark. GOP gubernatorial candidate Keet calls for cuts in capital gains, income taxes

LITTLE ROCK, Ark. – Republican gubernatorial candidate Jim Keet on Tuesday called for phasing out the state’s tax on capital gains and a reduction in Arkansas’ income tax.

Related posts

• Taxes Capital Gains Dividends
• Short Term Gains Tax
• Long Term Gains Tax
• Long Term Capital Gain Tax
• Capital Losses Tax
• Capital Losses And Taxes
• Capital Loss Taxes