Tax question:
I’m an amateur when it comes to stocks and even the word amateur would be an understatement.
I had a tax question if anyone could answer: if i decide to buy a bunch of stocks and lucky me, i make $1000 on them. As far as i understand, if they are in a tfsa they will be tax free but if they are not then how much is the tax? Is it a capital gains tax that i pay or do i get taxed at my regular federal and provincial personal income tax rate with the $1000 getting added to my yearly income?
Anybody know?
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