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Apr 17, 2020 8:14 am
Are stock market investment gains taxed higher in Canada or the U.S.? Would my Canadian capital gains be high enough to offset all of the taxes Stateside via credit?
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Apr 20, 2020 8:53 pm
Generally speaking, the capital gains tax rate is higher in Canada. The Canadian capital gains tax rate is 25%, whereas the US long-term rate is 20%. However, short-term capital gains (stocks held less than a 1 year prior to sale) are taxed at an individual's marginal rate in the US, whereas in Canada the rate remains the same - 25%.