Sentences with phrase «claim against the capital gain»

The capital loss is then claimed against capital gains to reduce taxes.

Not exact matches

Investors need to be compensated for taking a risk and one of the mechanisms the Canadian tax structure has in place to do that is to claim capital losses against capital gains.

Another important catch however is if you decide to invest the money in your TFSA in a stock and you suffer a loss on the stock, you can't claim the capital loss against any capital gains.

Another advantage of keeping your capital appreciating stocks outside of an RRSP is because you can claim your losses against your gains to reduce your taxes payable.

There's not a lot you can do to avoid the capital gains other than selling your losing stocks to claim the capital losses against your gains.

If you sell an investment at a capital loss, you can claim that loss against other capital gains for the year; or if you have none, you can carry the loss back up to three years to offset other net capital gains reported on your previous income tax returns; or you can carry forward the loss to claim against future capital gains.

Based on these sources, claiming rental losses against other incomes in a given year is allowed as long as a profit is made over the life of the investment, excluding the effects of capital gains.