Canada Tax Questions Answered by Experts
What was the acquisition price of the shares in the first company that you sold?
Yes. But to know what tax you have to pay I have to know what the acquisition cost is and then the sale cost.
You have to valuate the shares at the time you acquired them. Then you have to take what you're selling the shares for. You subtract and that is the capital gain.
One half of the capital gain has to be declared as income for tax purposes on your income tax return. It does not matter where the profit is going. That does not reduce your taxes.
There may be other ways to reduce he capital gains but that is a complicated situation and you need to speak to your own tax accountant to get that help.