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How much will I have to pay in taxes if I sell stock?


My husband has had the same stock for over 10 years. We would like to sell. How much will we have to pay in taxes? We live in Canada

You will have to pay tax at your regular marginal tax rate on 50% of the gain (Proceeds of sale less cost)

Depending on your income level and province of taxation the rates can vary. Assuming you are at the highest marginal rates- income over 70K then you will pay at worst 50% of the taxable gain or 25% of the gain ( 50% of 50%)

Some provinces ie alberta will be lower. 25% is worst case senario.

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