Expert Tax Solutions for Capital Gains on Property, Investments, and More
At Taxccount Canada, we provide tailored tax services for individuals and businesses in Alberta dealing with capital gains. Whether you’re selling real estate, investments, or business assets, our experts ensure your gains are reported accurately and tax-efficiently—so you can keep more of your profits while staying fully compliant with CRA rules.
With the rising complexity of tax regulations around capital assets, working with a knowledgeable team can help you avoid unnecessary tax liabilities and uncover potential deductions.
Understanding Capital Gains Tax in Alberta
Capital gains tax applies when you sell a capital asset (like property, stocks, or business shares) for more than you originally paid. In Canada, 50% of the capital gain is taxable and must be reported on your income tax return.
Even though Alberta has no provincial capital gains tax, you are still subject to federal taxation, making it crucial to manage your gains properly.
Common Scenarios Involving Capital Gains:
– Sale of real estate (principal residence or rental/investment properties)
– Disposition of stocks, bonds, or mutual funds
– Business sales or asset transfers
– Inheritance or gifts of capital property
– Cryptocurrency transactions
Our Capital Gains Tax Services Include:
– Detailed capital gain/loss calculation
– Principal residence exemption analysis
– Tax planning for property and asset sales
– Adjusted cost base (ACB) determination
– Tax-loss harvesting strategies
– T5008 slips review and inclusion
– Reporting on Schedule 3 of the T1 return
– CRA audit preparation and support
Who We Help:
– Individual property owners and investors
– Stock market and crypto investors
– Real estate investors and landlords
– Business owners selling shares or assets
– Estates and beneficiaries managing inherited property
Whether you’re planning a sale or already sold an asset, we guide you through the tax implications and help you minimize your liability while staying compliant.
Why Choose Legal Quotient Consultants?
– Alberta-Specific Expertise: We understand the federal tax system and how it applies in Alberta’s tax-free provincial landscape.
– Tax Optimization Strategies: We proactively reduce your taxable gains through legal planning tools.
– CRA-Compliant Reporting: Accurate documentation and filing to avoid audits or penalties.
– Dedicated Support: Personalized guidance every step of the way—from planning to filing.
Capital Gains on Real Estate in Alberta
Selling your primary residence? You may qualify for the principal residence exemption, avoiding capital gains tax altogether.
Selling a rental property or second home? You’ll owe capital gains tax—our team ensures you claim all allowable deductions (like capital improvements) to reduce the amount owed.
Book a Free Consultation Today
Whether you’re selling investments, real estate, or business assets, let Taxccount Canada help you manage your capital gains efficiently.
📞Call us now*or 📧 Book your free consultation online to start planning your tax-smart strategy.