Homework Help: income tax

Posted by al on Sunday, January 8, 2012 at 3:44pm.

How much approximately would I pay in income tax in canada on $500,000.00 on stock profit in one year. I will have no other expenses to declare

income tax - Steve, Sunday, January 8, 2012 at 4:29pm
since you are talking about a capital gain, only half is included as part of your income.

After that, it would depend on your total income. And that's just the federal tax. There is also provincial tax.

Better go online yourself and do some research.

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