There is plenty of misunderstanding about how Capital Gains are counted and thus taxed in Canada. I think much of that is because people use Google to find information for themselves but get sources from outside of Canada.
Here is part 1 of my series on Capital Gains taxation and the differences between Canada and the United States systems.
Bird’s Eye Wealth Planners | Capital Gains Canada vs US
In both countries there are a number of situations where calculating capital gains is not required (I.e. the Principal Residence Exemption in Canada) and I will dig into some of those in a couple of weeks.
Discussion