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What are capital gains? Capital gains are the profits generated from the sale of investments such as stocks, real estate, or other type of assets. In Canada, capital gains are subject to taxation. One exception where capital gains are not…
W-8BEN is a tax form, by the U.S. Internal Revenue Service (IRS), used to certify that one is not a resident of the United States for tax purposes. If you are a Canadian resident and hold US domiciled investments, you…
If you own real estat that you rent, rental income need to be declared on your tax return. However, you can also deduct expenses in order to maximize your net income. In order to prepare a tax return for rental…
Offsetting capital gains with capital losses Did you have a capital gain during the year (for e.g. you sold some stocks at a gain)? You can decide to sell other holdings at a loss (capital losses) to offset your capital…
