What is Capital gain and capital tax explain briefly?

Barb is utilizing mutual funds to save for purposes of her children's education. She has three children, aged 8,4 and 1. She has set up three separate mutual funds into which she contributes $50 each on a monthly basis. During 2021, the mutual funds earned a total of $400 of dividends from taxable Canadian corporations, $300 of foreign interest income and $2,700 of taxable capital gain

 

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Capital gain refers to the profit earned from the sale or disposition of a capital asset such as sto... View the full answer