Capital Gain

by Tax Guy - Burlington Accountant on February 11, 2010 Print This Post Print This Post

The amount by which the processes from the sale of capital property exceeds its adjusted cost base. Essentially, if the price received was higher than the adjusted cost base, a capital gain results. Only 50% of the gain is taxable.

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Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

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