Under the old rules, 50% of the capital gain would need to be added to your income. Under the new rules, you’ll have to include 66% of the gain to your return on any growth above $250k. So, how do you get around this? Let’s discuss capital gains reserve.
Marc Sabourin is a Winnipeg-based Financial Advisor and Retirement Specialist with Harbourfront Wealth Management. His specialty is working with pre-retirees and retirees who are looking for retirement, investment, & tax advice.
Disclaimer: The views expressed are those of Marc Sabourin, Certified Financial Planner, and Investment Advisor, and not necessarily those of Harbourfront Wealth Management Inc., a member of the Canadian Investor Protection Fund
