Capital Gains Tax Calculator

Canada taxes 50% of capital gains as income for individuals (the "inclusion rate"). Budget 2024 proposed increasing this to 2/3 for gains over $250,000/year, but implementation has been delayed — 50% still applies for most individual situations. Always verify with CRA for the latest rules.

Yes — the Principal Residence Exemption (PRE) shields gains on your home from tax in Canada. You must designate the property as your principal residence for each year you owned it. You can only designate one property per family unit per year. Rental properties and cottages may be partially exempt if you lived there part-time.

Long-term gains (assets held over 1 year) are taxed at 0%, 15%, or 20% depending on your total income. In 2026: 0% up to $48,350 (single), 15% up to $533,400, 20% above that. Short-term gains are taxed as ordinary income (up to 37%). The difference can be enormous — holding an asset just over 1 year can save tens of thousands.

Yes, in both Canada and the USA. Every crypto trade, sale, or exchange (including crypto-to-crypto) is a taxable event. Canada: 50% inclusion rate on crypto gains. USA: Long-term if held over 1 year, short-term otherwise. NFTs, staking rewards, and airdrops have additional rules. Keep detailed records of every transaction including dates and values in CAD/USD at time of transaction.

Selling investments at a loss to offset capital gains tax. USA: Capital losses can offset gains dollar-for-dollar, plus up to $3,000 of ordinary income/year. Losses carry forward indefinitely. Canada: Net capital losses can only offset capital gains — not other income. Unused losses carry back 3 years or forward indefinitely. Watch the 30-day superficial loss rule (Canada) and wash sale rule (USA).