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How does income taxing work if your a stock investor? |
say you start at $100,000 a year and for the next ten years you recieve 100% on your investment meaning by the end of your 10 year you would have $50 million. so how much does the government take every year. say from first to second you make 100k for a total of 200k but you dont want to sell your stocks you would like to hold on to them for another say 2 years. does the government force you to sell some shares to pay income tax or when you sell it then you can pay? THIS IS A CANADIAN QUESTION. You only pay capital gains tax when you sell an investment. You are never "forced" to sell. Then, half the gain is taxed at regular federal/provincial tax rates. |
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