Canadians: I'm saving some tax on assets sold this year

joyfulguyDecember 8, 2006

A company whose shares I owned was sold this year, so my shares are to be redeemed.

In the ordinary course of things, I'd deduct my original cost from the current value to calculate the capital gain, then pay tax on half of that, at regular rate.

But I'm working on a method to obtain a substantial charitable donation and pay no tax at all on it - by giving the share certificate to a charity.

See the story over on "Money Saving Tips"

I hope that you all have a great weekend.

ole joyful

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littlebug5

Knocking this post down . . .

    Bookmark   January 21, 2007 at 5:49PM
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joyfulguy

little bug (x 5),

Hope you didn't knock it down for the count - that it may be able to get up and fight again.

o j

    Bookmark   February 4, 2007 at 2:02PM
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