04/19/2024
https://accountingcanada.ca/understanding-the-shifts-in-capital-gains-tax-in-canada-an-in-depth-analysis/
Capital gains tax in Canada is a tax levied on the profit realized from the sale of a non-inventory asset that was higher than the purchase price. The taxable amount is determined by subtracting the asset's adjusted cost base (ACB) from its sale price, with specific rules governing how these figures are calculated and reported.