Calculating Capital Gains When Day Trading in Canada

Calculating Capital Gains When Day Trading in Canada You realize a capital gain when you buy security and sell at a profit. In order to determine the taxable capital gain, the capital gain amount is multiplied with the year’s inclusion rate. At the moment this rate is 50% Capital gains tax may not be applicable…

Canada Revenue Agency Tax Treatment of Bitcoins

Canada Revenue Agency Tax Treatment of Bitcoins and Other Cryptocurrencies   Bitcoin The Cryptocurrency Climate in Canada Over the past couple of years, Bitcoin and other cryptocurrencies have been garnering more attention from the media and consequentially from Canadian taxpayers. The nature of these cryptocurrencies have resulted in their implementation across various jurisdictions today, however,…

GST/HST/PST on Short Term Rental of Residential Properties.

GST/HST/PST implications on short term rental contracts of residential properties. A very important topic on GST/HST/PST was and always will be about how rental income is treated when earned from cottage or vacation property using services such as Airbnb. For example, the following question is a good example of a potential question that an investor…

Medical Professionals and GST/QST Requirements

Medical Professionals and GST/QST Requirements Today, there are a large number of healthcare professionals that are not registered for GST/HST simply because there is not any legal requirement for them to do so. The reason is that under the Excise Tax Act, many healthcare professionals offer services that fall under the “exempt services” category. However…