In addition, any amount that is ultimately forgiven is treated as taxable income, which means that you could end up with a significant tax bill in a single year. (consolidate.loan)
But Remy is investing in a non-registered account, and if he's held his stocks and mutual funds for several years, he's probably sitting on large unrealized capital gains, so selling these securities would result in a significant tax bill. (moneysense.ca)
When these assets become taxable all at once, it can bump up the marginal tax rate, resulting in a significant tax bill. (briansoinsurance.com)