Selling an asset? Estimate the tax on your gain. In the US, short-term gains are taxed as ordinary income and long-term at preferential rates; in Canada, half the gain (50% inclusion) is added to income and taxed at your marginal rate. Enter your numbers to see the tax and what you keep.
Region
The sale
$
$
Tax
%
%
Capital gains tax
$3,000
Gain you keep after tax
$17,000
The numbers
Capital gain
$20,000
Taxable portion
$20,000
Effective rate on the gain
15.00%
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How it's calculated
Capital gain = sale proceeds − cost basis.
US: long-term gains use 0/15/20% rates; short-term gains are taxed as ordinary income.
Canada: 50% of the gain is taxable (the 'inclusion rate') and added to income at your marginal rate. A proposed increase to 66.7% was shelved, so current law is a flat 50%.
Canada doesn't tax the full gain — only the 50% 'inclusion' portion is added to income and taxed at your marginal rate. (A proposed increase to 66.7% on large gains was shelved, so 50% applies.)
What's the US long-term rate?
0%, 15%, or 20% depending on your taxable income. Enter the rate that matches your bracket.