Don't Panic If Income Tax Department Raids You: Difference between revisions

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Revision as of 11:25, 27 August 2026


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Canadian investors are subject to tax on 50% of capital gains received from investment and allowed to deduct 50% of capital losses. In U.S. the tax rate on eligible dividends and long term capital gains is 0% for those who are in the 10% and 15% income tax brackets in 2008, 2009, and the new year. Other will pay will be taxed at the taxpayer's ordinary income tax rate. Is actually not generally 20%.

People hate paying fees. Tax avoidance strategies are entirely legal and could be taken advantage of. Tax evasion, however, isn't. Make sure you know where the fine line is.

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