Sentences with phrase «capital gains tax purposes»

The investor's cost base for capital gains tax purposes is reduced by the amount claimed.
The market value of the mutual fund upon removing your mother's name would then become your new cost base for your own capital gains tax purposes.
As well, portions of some distributions from income trusts such as REITs are treated as a return of capital for capital gains tax purposes.
During the Blair era it became routine for ministers to condemn the alleged immorality of those engaged in tax avoidance (one reason it was particularly damaging, during the MP expenses scandal, that senior ministers were found to have been — perfectly legally, and in much the same way as everyone else was entitled to, designating properties sold as primary residences for capital gains tax purposes and thereby avoiding CGT).
For capital gains tax purposes, the original land parcel is divided into two or more separate assets.
Many Canadians who owned taxable capital assets like cottages at that time filed an election to claim a deemed capital gain based on the then fair market value of their cottage, which would generally become your new adjusted cost base for capital gains tax purposes.
When an asset is sold, its cost basis is used instead of the actual purchase price to determine the accurate capital gain or loss for capital gains tax purposes.
You likely know that an «in - kind» transfer of investments into a TFSA is a deemed sale for capital gains tax purposes.
Even though the Joneses used all their gain (and more) to buy a new home, only the first $ 500,000 was excluded for capital gains tax purposes.
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