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Tell me more about capital gains tax in canada for non residents

Whether you like it or not Taxation is a fact of living. Virtually all people don't understand what the load in taxes is that they pay on a daily, monthly or yearly basis. Taxes have insidiously crept into our lives in many varieties. Most of us bear federal state and local or municipal taxes. Do you ever look at your phone invoice and see what taxes are tallied or other utility accounts? How about the taxes added at the gas pump, use fees at national parks, tolls for tollways. Your employer is paying for your social security as much as you are with what is referred to as the employment tax.

Is it a wonder that many families need 2 incomes just to stay afloat these days. Sitting down a number of years ago I computed out what we bore in taxes and it was substantially over $50,000 for one year. I had involved Federal, State, social security including employer share, land taxes, sales taxes (a rough estimate). It seems government on all levels is taking more and more all the time.

capital gains tax in canada for non residents

 

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