Canada Tax

Canada tax questions answered by Experts

Ask an Expert,
Get an Answer ASAP!

What line # do I enter capital gains/losses. Bought some…

Customer Question
What line # do...

What line # do I enter capital gains/losses

Accountant's Assistant: I love the idea of making big money with investments, but there are so many things that could go wrong. The Accountant will be able to help you. Please tell me more, so we can help you best.

Bought some stock then transfered into RSSP at a lower price than I bought it but unsure where I enter it in turbo tax Premier

Accountant's Assistant: Is there anything else the Accountant should be aware of?

Have another questions, are Stock broker fees deductable

Submitted: 21 days ago.Category: Canada Tax
Show More
Show Less
Ask Your Own Canada Tax Question
Answered in 1 day by:
4/3/2018
Canadian Tax Expert: Rachel-Mod, Moderator replied 20 days ago
Rachel-Mod
Rachel-Mod, Moderator
Category: Canada Tax
Satisfied Customers: 6
Experience: Moderator
Verified
Hello,
Welcome to JustAnswer. My name is ***** ***** I am the category moderator.
I notice that your question has been sitting for a while without a response.
Are you still needing help with this matter?
Rachel-Moderator
Ask Your Own Canada Tax Question
Customer reply replied 20 days ago
Need help please
Canadian Tax Expert: Rachel-Mod, Moderator replied 20 days ago
Thank you for getting back with me. I will open this matter back up to our experts to further assist you. Thank you for your patience.
Rachel-Moderator
Ask Your Own Canada Tax Question
Canadian Tax Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago
ABC Accounting Group
ABC Accounting Group, Certified Public Accountant (CPA)
Category: Canada Tax
Satisfied Customers: 867
Experience: Business Consultant/Accounting Manager
Verified

Hi. Great Question. Did you receive a 1099 B and/or sold them before you transferred the $'s over.

Ask Your Own Canada Tax Question
Canadian Tax Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago

Hi. Just noticed that this may be Canada tax?

Ask Your Own Canada Tax Question
Customer reply replied 20 days ago
It is CANADA tax
Customer reply replied 20 days ago
This a CANADA tax q
Thanks
Pat
Canadian Tax Expert: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago

Thank you. I will transfer this to a Canada Tax Expert.

Ask Your Own Canada Tax Question
Canadian Tax Expert: Tax.Appeal.168, Accountant replied 18 days ago
Tax.Appeal.168
Tax.Appeal.168, Accountant
Category: Canada Tax
Satisfied Customers: 4,562
Experience: Tax Accountant
Verified

Hello. Different expert here. My name is Angela. I will be assisting you.

Q1: what line # do I enter capital gains/losses

A1: Line 127. Refr to the following link for more detailed information.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains.html

---------------------------------

Q2: are Stock broker fees deductable

A2: In brief, the answer is yes. SEE BELOW:

----------------------------------

Permitted Investment Expenses

You are permitted to include a variety of investment expenses on your return. Chatwal says some common expenses people deduct are interest charges on funds borrowed to earn investment income (and) brokerage fees to manage investments (other than RRSPs).

REFERENCE SOURCE:

https://turbotax.intuit.ca/tips/investment-expenses-permitted-by-the-income-tax-act-in-canada-6272

-----------------------------------

In closing, my goal is to provide you with the best experience possible! Hopefully, the service that I have provided has earned a 5-star rating! Please remember to rate my service by selecting the 5 stars at the top of the screen before you leave today. Thank you in advance. If you require further assistance, use the reply box and let me know.

Ask Your Own Canada Tax Question
Was this answer helpful?
Ask Tax.Appeal.168 Your Own Question
Tax.Appeal.168
Tax.Appeal.168
Tax.Appeal.168, Accountant
Category: Canada Tax
Satisfied Customers: 4,562
4,562 Satisfied Customers
Experience: Tax Accountant

Tax.Appeal.168 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Arthur Rubin

Arthur Rubin

Tax Preparer

34 satisfied customers

Tax preparer with 23 years experience, including US/Canada tax returns.

Legal Ease

Legal Ease

Lawyer

280 satisfied customers

Lawyer

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,491 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

58 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,241 satisfied customers

15years with H & R Block. Divisional leader, Instructor

< Previous | Next >

Related Canada Tax Questions
I am wondering why my husband and i owe taxes every year
i am wondering why my husband and i owe taxes every year .was wondering if we were filing wrong or could file different on our w2s during the year ,,we have 1 disabled daughter dependent ,we both file… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
158 satisfied customers
I live in BC and am separated. I was on the mortgage with my
I live in BC and am separated. I was on the mortgage with my husband when we sold our house but I was not on the title. I have since bought my own townhouse and am trying to figure out if I'm eligible… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
My husband was self employed in 2017 but has not yet paid
My husband was self employed in 2017 but has not yet paid his CPP contribution. He was injured at work causing multiple hernias that left him unable to work from July to present. Does he still qualify… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
Is a vacation property outside of Canada a "specified forien
Is a vacation property outside of Canada a "specified forien property ? … read more
taxmanrog
taxmanrog
Master\u0027s Degree
905 satisfied customers
I made a mistake right at the beginning on my tax return. I
Hi, I made a mistake right at the beginning on my tax return. … read more
ABC Accounting Group
ABC Accounting Group
Certified Public Accountant (CPA)
867 satisfied customers
Canadian crypto question: I read “If you are carrying on a
canadian crypto question:I read “If you are carrying on a business trading cryptocurrencies, gains realized are fully taxable as business income” Does this mean I should put all the trades under an in… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
I read on a blog that Canadian resident taxpayers must file
I read on a blog that Canadian resident taxpayers must file Form T1135 with CRA if the total cost of all of their specified foreign property (including cryptocurrency) is more than $100,000 and a fail… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,241 satisfied customers
Can income tax form be filed if the will has not been. A
Can income tax form be filed if the will has not been … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
My husband may get new job where they are offering $800 CAD
My husband may get new job where they are offering $800 CAD in a car allowance.Does this mean that we can both have our names on the car? We only need one car so we could sell our old one.If we are bo… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,491 satisfied customers
I am debating to build an airbnb or rental in the basement
Hey, I am debating to build an airbnb or rental in the basement of my house.I am wondering if this extra revenue will increase the value of my house if there is an income coming from the basement rent… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,067 satisfied customers
Canadian Cryptocurrency Tax Question: I have downloaded an
Canadian Cryptocurrency Tax Question:Hi, I have downloaded an app called bitcoin.tax. It's awesome for adding all your trades and shows capital gains losses.So do I just give that to the tax office an… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
34 satisfied customers
I have not received the form T4A (OAS) for my wife return.
I have not received the form T4A (OAS) for my wife return. how can I get it on line … read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
I am a us citizen..I own a majority stake in a small
I am a us citizen..I own a majority stake in a small business based in Canada..if income is over 7 million (pre tax ) in 2018 how much should I pay in estimated taxes sa it comes in..I am a Naples Fl … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
Ontario, Canada. I have been taking care of my ex until we
Ontario, Canada.I have been taking care of my ex until we separated in 2017. I have been separated (but not legally) less than 90 days as of Dec 31, 2017. Do I declare him as a spouse or an ex-spouse?… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
What line # do I enter capital gains/losses. Bought some
bought some stock then transfered into RSSP at a lower price than I bought it but unsure where I enter it in turbo tax Premier … read more
Tax.Appeal.168
Tax.Appeal.168
Accountant
4,562 satisfied customers
I am a Canadian citizen but a US Resident, my husband is a
Hi I am a Canadian citizen but a US Resident, my husband is a US citizen and US resident. We are planning to sell our rental property in Canada. I am reading that it would take 2-3 months to process T… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
How can I make an investment that will pay enough tax to pay
How can I make an investment that will pay enough tax to pay into the Canada Pension Plan from out of the country please?… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
I will be receiving revenue from a testimonial trust, as
I will be receiving revenue from a testimonial trust, as part of an inherited trust, and am not sure how it will impact my current Canada Pension, old age security and guaranteed income supplement. Ca… read more
Legal Ease
Legal Ease
Lawyer
Doctoral Degree
280 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x