If you are an investor it is important for you to know about capital gains and capital losses, and how they affect your taxes. Check out these commonly asked questions to find out more about how capital gains will affect you.
Can you explain capital gains tax?
A capital gain is the appreciation in value of a capital property, when sold from the date of purchase. Basically, if you bought a stock for $10 and you sell it for $15, you would have a $5 capital gain. A capital loss would be the opposite; a capital property that loses value when sold from the date of purchase.