guaiguai

I sold some stocks last year and got capital gain-25% needs to be taxed.

Do you know some way that I could avoid it--for example, put it in deparneur's

capital loss?

Tiggr

你当时应该转入别的tax Shelter而不是卖了收现金, 我还没想到其他方法, 不敢肯定有可以避免的方法

mariner

Guaiguai, can you tell me how to apply for the stock market in canada?

Cincy

I heard that if you have a international account. that means you trade US or Canada stock from China. then Broker will not withdraw your capital gain or report your tradings.
then you will be responsible to claim your tax to your own country.

Tiggr

你指的capital gain tax吧。如果是principle residence，无需交。如果想避税，找你的律师谈谈，看如何合法把你要卖的房产定为principle residence. 否则，还可以通过降低你的marginal tax bracket 来少交些税。

every Canada has legal right to reduce tax as long as it is legal.

if your question is about estate planning, buy a Life Insurance as tax shelter.

Tiggr

this is a big topic. I suggest you go to Indigo or Charpter, find a book called " 10 secretes that Canadian Government don't want you to know". The secrete #8 is To buy Life Insurance as tax shelter.

Many financial planning books mentioned about it.

In brief, Because death benefit pay out tax free. So the components within the life insurance is tax deferred and pay out tax free upon death. This is commonly used on wealth transfer(estate planning).

There are three things in Canada that you don' t need to pay tax:

1. sell your principle house and make profit.
2. death benefit of Life insurance
3. Lottery winning.