In Canada, a capital gain can be reported as income (so standard income taxation rate) or as a capital gain of which only 50% is taxable iirc.
But you all reminded me to do some research & do the math. This is prime time retirement savings dollars so it matters.
Here's the little baby that I keep on my desk:
Ian
__________________
'87 Carrera Cab
----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein -----
Last edited by imcarthur; 08-23-2011 at 06:34 PM..
|