Not exact matches
Note that FeeX assumes for
calculation purposes that you won't add any additional
capital to your account.
Now, when you finally sell your cottage, the
calculation of your cost base, for tax
purposes, will be equal to your original purchase price, plus closing costs on acquisition and the
capital expenses you've paid for over the years.
This is how
calculations are done all the time to determine
capital gains for tax
purposes - no difference in any values - just simple
calculations that will always give the same results.
I received a letter from my brokerage that they miscalculated the interest, and putt back the money in my investment account my question is for tax
purpose what should this amount of money that I paid before as an interest be considered after I got it back Interest income, so it will all taxes or
capital gain so 50 % will be taxed, or it was calculated in my tax
calculation for year2009