Capital Gains Tax Calculator

Enter what you sold for, what it cost you, and your other income to see the tax on the gain — computed as the real difference in your tax bill, not a flat rate, so bracket changes and provincial surtaxes are captured. The inclusion rate is 50% for the 2025 tax year; the proposed two-thirds increase was cancelled.

2025 tax year rates All 13 provinces Updates as you type

Your sale

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$
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How it works. Proceeds minus adjusted cost base is the capital gain. Half of it (50%) is added to your taxable income, stacked on top of everything else you earned this year. The tax shown is the difference between your bill with and without that slice — so it reflects the actual brackets, Ontario’s surtax and Quebec’s abatement, not a single assumed rate.

Estimated tax on the gain

$0

0% effective tax on the full gain

You keep $0 Tax $0
Capital gain$0
Taxable at 50%$0
Tax on that slice$0
You keep$0

The inclusion rate is 50% — the proposed two-thirds increase was cancelled. Gains on a principal residence are usually exempt entirely and are not what this calculator models.

An estimate is a starting point. Get your real number.

This calculator uses published rates. Your actual position depends on the credits, deductions and structure behind your numbers.

  • A professional tax accountant reviews your figures, not a formula
  • Fixed quote before any work starts
  • You pay after you approve the filing

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How capital gains are taxed in Canada

There is no separate capital gains tax rate. When you sell capital property — shares, a rental property, a cottage, crypto held as an investment — the gain is proceeds minus your adjusted cost base (purchase price plus buying and selling costs). Half of that gain is included in your taxable income and taxed at whatever marginal rates apply on top of your other income for the year. That stacking is why timing matters: the same gain costs more tax in a high-income year than in a low one, and a large gain can climb through several brackets on its own. The other half of the gain is yours tax-free.

Two reliefs do the heavy lifting in practice. The principal residence exemption usually wipes out the entire gain on the home you ordinarily live in. And capital losses — this year’s, or ones carried from other years — offset capital gains dollar for dollar before the inclusion rate is applied. The widely reported increase of the inclusion rate to two-thirds was cancelled; it remains 50%. Deciding what to sell, when, and against which losses is exactly the kind of question tax planning answers before the trade, not after.

What this calculator does not cover

It does not model capital gains reserves, which spread a gain over up to five years when the buyer pays you over time. It ignores the lifetime capital gains exemption on qualified small business corporation shares and qualified farm or fishing property, which can shelter a large gain entirely. And it is personal-tax math only — gains realized inside a corporation follow different rules, including the capital dividend account. If a sale like that is on your horizon, or you need the gain reported correctly, see our personal tax filing services.

Example: $100,000 gain, $90,000 other income
StepAmount
Capital gain $100,000
Taxable at 50% $50,000
Tax in Ontario ≈ $19,113
Kept ≈ $80,887

Rates reviewed for the 2025 tax year by Udit Gupta, Founder and Tax Accountant. Federal and provincial rates change annually, and this tool is an estimate for planning rather than tax advice. Confirm current figures before relying on them for a filing.

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Capital Gains Tax Calculator: Frequently Asked Questions

Half the gain is added to your income and taxed at your marginal rates, so the answer depends on your other income and province. On a $100,000 gain with $90,000 of other income in Ontario, the tax is about $19,113 — roughly 19% of the full gain. The effective rate rises with income because the taxable half lands in higher brackets.
Yes. The 2024 proposal to raise the inclusion rate to two-thirds was first deferred and then cancelled, so 50% applies. This calculator reads the rate from the same reviewed data file as the rest of the site, so if the law changes the figure changes with it.
Usually not, if it was your principal residence for every year you owned it — the principal residence exemption eliminates the gain, though the sale must still be reported on your return. Partial exemptions apply if it was only your principal residence for some years, and a property that was rented out or flipped can be fully taxable, sometimes as business income.
Yes. Capital losses offset capital gains in the same year first; anything left carries back up to three years or forward indefinitely, but only against capital gains. Watch the superficial loss rule: sell at a loss and rebuy the identical property within 30 days (you or your spouse, in any account) and the loss is denied.
When the pattern looks like trading rather than investing: frequent buying and selling, short holding periods, specialized knowledge, or property bought to flip. Business income is 100% taxable rather than 50%, and CRA applies this to real estate flips and active crypto trading regularly. The label depends on your conduct, not on what you call the account.

What Canadians search about this

Answered plainly. Browse every question in the Canadian tax answers directory.

Work out the tax you actually owe for the year, then compare it with what has already been paid. Total your income, subtract deductions to reach taxable income, apply the federal and provincial brackets, take off your credits, and set the result against the tax withheld on your T4 and other slips plus any instalments. If more was withheld than you owe, the difference is your refund. Tax software approved for NETFILE runs the same arithmetic once your slips are entered.
If you owe nothing, no penalty applies, but a refund and benefit payments such as the Canada child benefit and the GST/HST credit are held up until the return is processed. If you owe, a late-filing penalty is charged and interest runs on the balance and compounds daily from the day after the due date. For the 2025 tax year the deadline was 30 April 2026. File even if you cannot pay, because the penalty is driven by filing, not payment.
Not exactly. A statement of account shows the balance as at the date it was produced, and interest compounds daily on anything still unpaid after that, while payments or reassessments since then are not reflected. Check the current balance in CRA My Account or My Business Account before paying, and pay the figure shown there. If part of the balance is disputed, pay the rest to stop interest running and raise the disputed portion separately.
Tourism tax and hospitality tax are loose labels for the levies added to accommodation and travel spending in Canada: a municipal accommodation tax, a destination marketing fee set by a hotel association, or a provincial accommodation levy. None is a federal tax, so the rate and the name depend on where you stay. GST/HST applies to the accommodation as well. Charges labelled a marketing fee may be voluntary rather than a tax, so ask the property.
Usually yes, but read it with the date beside it. The balance shown in CRA My Account is what that account owes as of that date, including interest charged to that point. It moves afterwards: interest compounds daily on an unpaid balance, and a payment, a reassessment or a credit transferred from another account changes the figure. Instalment, payroll and GST/HST accounts are shown separately, so confirm you are looking at the right one.
Day camp fees qualify as child care expenses where the camp lets a parent work, run a business or study, and they are claimed in the same way as daycare. Overnight and boarding camps also qualify, but the claim is capped per week of attendance, with the limit set by the child's age and whether a disability applies. Fees that are really tuition, private coaching or a family holiday do not qualify. Keep the camp receipt.
Udit Gupta, founder of Tax Filings Canada

Rates and method reviewed by Udit Gupta

Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA

Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.

The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023

Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.

Sources. CRA — Businesses · Income Tax Act (Justice Laws Website)

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