| Capital Gain |
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An
increase in the value of a capital asset (investment or real estate),
higher than the purchase price. The gain is not realized until the
asset is sold. A capital gain may be short-term (one year or less)
or long-term (more than one year) and must be claimed on income taxes.
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Capital
gains taxes are higher in Canada than in the USA.
Also in the US if you hold an asset for longer than 18 months you
are subject to a lower tax rate. |
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Dictionary
