A capital gain occurs when you sell an asset such as real estate, stocks, mutual funds, or cryptocurrency for more than you paid for it. The difference between your purchase price (adjusted cost base) and your selling price is your capital gain. In Canada, only 50% of your capital gain is taxable.

To calculate your capital gains tax:

1. Subtract your adjusted cost base (ACB) and any selling expenses from the selling price.

2. Multiply the remaining profit by 50% (the taxable portion).

3. Add this amount to your income for the year as it’s taxed at your marginal tax rate.

Our Capital Gains Calculation Service ensures every adjustment, expense, and exemption is correctly applied to minimize your tax burden.

Yes. Non-residents must pay Canadian capital gains tax when selling taxable Canadian property, such as real estate, certain shares, or resource properties. The process typically involves filing a Section 116 form and a non-resident tax return. Our team helps you comply with CRA regulations and avoid double taxation under tax treaties.

You may have a taxable capital gain if you profit from selling:

• Real estate or rental property in Canada

• Stocks, bonds, or ETFs

• Cryptocurrency or digital assets

• Mutual funds or investment portfolios

• Other capital assets such as art or collectibles

Some strategies to reduce capital gains tax include:

• Using the principal residence exemption (for your primary home)

• Offsetting gains with capital losses from other investments

• Timing your sale to occur in a lower-income year

• Deferring gains through RRSP contributions or other planning tools

Our accounting experts can help create a tax-efficient plan tailored to your situation.

You must report capital gains when you file your annual income tax return. If you’re a non-resident selling property, you must also notify the CRA within 10 days of the sale using a Section 116 form to avoid penalties and withholding tax.

If the property was your principal residence for every year you owned it, your profit is fully exempt from capital gains tax. If it was used partly as a rental or investment property, a portion of the gain may still be taxable.

We handle every part of the process. This includes accurately calculating your gains, applying exemptions, and filing the proper CRA forms for residents and non-residents. Our goal is to ensure compliance while minimizing your tax liability.

Yes. If you are a non-resident of Canada and sell Canadian real estate, you must file a Section 116 form with the CRA. This notifies them of the sale and allows you to obtain a Certificate of Compliance, preventing the buyer from withholding excess funds.

Yes. Cryptocurrency transactions are fully taxable in Canada when you sell, trade, or convert them to cash. We calculate your capital gains or losses based on CRA guidelines, ensuring you stay compliant and only pay what’s required.