Capital Gains Tax = money that you pay when you sell your investments (in simple terms).

Is the 🇺🇸 you’re taxed at a higher rate if you sell your stocks within a period of 365 days. If you wait until after one full year, then you pay less in taxes.

In 🇨🇦 it works a little differently - there’s no ‘short-term’ vs ‘long-term’ capital gains tax, but you’re only taxed on 50% of your capital gains.

This is simply a quick summary of Capital Gains Tax so you know it exists - make sure you look further into it!

#shorts

свернуть